World of Hyatt are running a promotion offering a bonus of up to 40% when purchasing points. The promotion runs through to June 11.
Starting from the minimum of 10,000 for the bonus, you can go up in increments of 1,000 points. The maximum that you can purchase is 55,000 Points. Taken together with the bonus 22,000 points you will receive, this means that you can get up to 77,000 points in this promotion.
Hyatt points are sold through points.com, and the standard rate is US $24 per 1,000 points. Thus, each point is costing 2.4 US cents. With this promotion, the cost per point comes down to a little over 1.71 cents per point.
Is the promotion worthwhile?
The Hyatt group only have a small presence in Australia. There are currently 7 properties, although this is slowly increasing. Outside staying, Hyatt have no credit card partners in Australia. This makes earning points for an award night something of a challenge.
While they may be few in number, some of them can have some significant cash prices. A high cash price could make a redemption night look like a worthwhile aim.
As a result, there may be merit in purchasing points through a promotion such as this – especially if you have your eye on a night at a Hyatt hotel.
If you have a redemption in mind, it is worth crunching the numbers to see if it makes sense to purchase points and take an award night.
Example: Park Hyatt Sydney
If we take a look at the Park Hyatt Sydney, we can see nightly rates approaching 1,000 per night. For example, looking six month out, a City Harbour King can reach over $1,000 per night.
In comparison, that room is available for 30,000 World Of Hyatt points. Using the 40% bonus offer, the 30,000 points could be attained for $US528 – (for 22,000 points + 8,800 bonus points). At today’s exchange rate, that comes to around $760 – saving over $200.
Sure, $530 is still quite expensive for a room night in a hotel – however, it does demonstrate the pricing leverage that may be gained using these promotions.
This is the type of promotion where it may be worthwhile to use if you have an immediate specific use for the points, and that use is offering a saving over using a cash price.
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