World of Hyatt finally did it. On May 20 the old three-tier pricing structure died. In its place a five-tier system rose from the ashes. Five categories. Lower prices? No. Higher ceilings. Specifically the new “Upper” and “Top” dates come with significantly heavier point demands.

They gave us months of warning. Enough time to panic-book before the shift. They showed us which hotels would jump categories. But there was one gap in the data. We didn’t know how many specific nights at each resort would fall into these expensive new buckets until the clock struck midnight on the 20th.

Did everything shift to Top tier? That’s what people feared. A total devaluation. The data says no. Or at least not everywhere.

To find the truth, The Points Guy (TPG) partnered with Gondola. They scraped thousands of data points from nineteen popular Hyatt properties around the world. The goal: compare pre-and-post changes. See how many nights sit at which price level. Calculate what your points are actually worth now.

“The results may surprise you” — well, let’s look then.

The Numbers Don’t Lie (But They Do Lie)

Old system: Off-Peak. Standard. Peak. Three buckets. Easy enough. New system: Lowest. Low. Moderate. Upper. Top. More nuance. More pain potentially.

TPG counted every standard room award available over a year for their nineteen favorite Hyatts. Then divided by availability.

Here’s the kicker. If you exclude three properties that also moved up a property category at the exact same time (convenient, isn’t it?) the average cost went up by roughly 10 percent.

Ten percent. In the grand scheme of loyalty programs this is gentle. Some brands hike rates by twenty percent with no warning. Hyatt warned you. Hyatt raised you slightly. For most people that’s acceptable. Maybe.

But look at the value. TPG values Hyatt points at 1.65 cents. With the new rates across all nineteen properties (including those category hikers) that value drops to 1.57 cents. A slight bleed. But if you ignore the three outlier hotels that jumped categories the value stays right around that 1.65 cent mark. Not bad.

Where Are the Expensive Nights?

The real anxiety wasn’t the 10 percent increase. It was the “Top” tier. If most nights became “Top” prices we’d be doomed. Award nights would cost an arm and a leg. Constantly.

Did that happen? No.

The data is actually reassuring. “Top” pricing is rare. Very few nights in a calendar fall here. Even the “Upper” tier doesn’t show up much. For the majority of hotels, the old “Peak” prices didn’t explode upward. They slid into “Moderate”. Moderate often costs roughly the same as Peak did before. Or close enough to sleep at night.

Which hotels are the outliers? Where do you pay the premium? Three stand out:
* Grand Hyatt Kauai
* Grand Hyatt Vail
* Andaz Prague

These three have the most nights shifting to Upper or Top prices. If you love these places expect to dig deep into your point balance. Or just go in low season. Like always.

Is It Still Worth It?

Yes. Mostly.

The shift to a five-tier chart raised redemption costs. By about 10 percent on average across these popular spots. But the distribution matters more than the headline number. The most expensive prices are applied sparingly. The bulk of high-season dates landed in “Moderate”. That’s a mercy.

The point value slipped. From 1.65 cents down to 1.57. That’s still a solid return. Better than cash in almost every scenario if you look hard enough.

Hyatt still works. The strategy hasn’t broken. Savvy members still win by looking at the calendar. By avoiding those rare Top dates. The program retains its core value proposition. Even if the fine print got slightly worse.

Did they really fix the value issue? Probably not. But they didn’t break the program either. That’s the takeaway. Sort of.

Will you see the “Upper” pricing on your next booking? Keep your eyes on the calendar.