Back in December I shared the details of Hyatt’s first quarter 2014 promotion, entitled Endless Possibilities.
To recap, the promotion will be valid for stays between January 15 and April 30, 2014. What makes this promotion unique is that you have two options for earning rewards:
Earn Free Nights
- The first earning option is to earn one free night at any Category 1 through 4 Hyatt property worldwide after every five nights of eligible stays.
- You can earn a maximum of four free nights through the promotion.
- The free nights have no blackout dates and are valid through July 31, 2014.
Earn Bonus Points
Alternatively you can earn 5,000 bonus Gold Passport points after the first five nights, and then further tiered points after every five additional nights, as follows:
So if you max out this promotion you earn 50,000 bonus Gold Passport points for 20 nights, which is an average of 2,500 bonus points per night.
Which is a better value: free nights or bonus nights?
If you go the route of earning bonus points, you’ll earn an average of 12,500 bonus points for every five nights, assuming you max out the promotion. Due to the way the promotion is tiered, in reality you’re earning fewer bonus points on a per night basis if you stay fewer nights, as follows:
- 5 nights: 1,000 bonus points per night (total of 5,000 bonus points)
- 10 nights: 1,500 bonus points per night (total of 15,000 bonus points)
- 15 nights: 2,000 bonus points per night (total of 30,000 bonus points)
- 20 nights: 2,500 bonus points per night (total of 50,000 bonus points
Meanwhile the free nights can be redeemed at up to Category 4 properties, which usually cost 5,000-15,000 points per night. So if you can max out the promotion and actually redeem your nights at a Category 4 property you’d be better off going that route.
For most of us, however, the reality is points offer a lot more flexibility since they don’t expire (assuming you have some account activity) and can be redeemed at any category property. Furthermore, with Hyatt’s new Points + Cash offering I’d argue that the best use of points isn’t even for outright points redemptions anymore, but rather for Points + Cash bookings, making earning points even more compelling.
So my recommendation would probably be to go for the free nights if you’ll have 10 or fewer nights, since the opportunity cost of those Category 1-4 hotels isn’t as high. That’s because if you stay a total of five nights (which is enough for one free night) the alternative is to just earn 5,000 points, while if you stay a total of 10 nights you’d only be getting of 15,000 points (compared to two free nights). If you’ll have more than 10 eligible nights, I’d likely go with points.
Registration now open
While the promotion doesn’t start until next week, you can now register for the promotion. You do have to select whether you want to register for free nights or bonus points:
- You can register for the free nights (category 1-4) version of the promotion here
- You can register for the bonus points version of the promotion here
Note that once you register you can’t change your selection. Usually I always recommend registering for promotions as soon as possible so you don’t forget, but this is a promotion where you’re best off waiting to register. Registration is open until March 31, 2014, so you’re best off waiting till as close to that date as possible to register so you can decide which promotion works best for you, in my opinion.