This is as big as World of Hyatt bonuses get. It is also the most generous, with the full 40% bonus kicking in with a purchase of just 10,000 points. Last time they offered 40% it only kicked in at 30,000 points.
It comes after a turbulent time for the loyalty programme, with its CEO leaving amid much criticism of the new benefits package and ludicrously high (given Hyatt’s small footprint) qualification requirements.
The deal is obviously worth a look if you need to top up your account. It may also be worthwhile if considering a stay in a top tier Park Hyatt such as the ones in Paris or Sydney, where buying the points may be cheaper than paying cash.
The bonus is staggered:
30% bonus on purchases of 5,000 to 9,000 points
40% bonus on purchases of 10,000+ points (the annual cap is 55,000 points pre bonus)
At the top end, you are paying $1,320 for 77,000 points (55,000 plus a 22,000 bonus). That works out at 1.71c – or 1.22p – per point.
Park Hyatt Mallorca is a great way to use this
The new Park Hyatt resort in Mallorca is a location where buying points may make sense. Prices for cash are still a little scary – rooms from Euro 484 (£422) in August 2018, or Euro 550 (£480) if you want a cancellable one. A redemption at 20,000 points per night (£244) would be a great deal.
But …. it gets even better.
For the first time since it opened, Park Hyatt Mallorca is offering ‘points and cash’ rooms in August. Instead of paying €484 or 20,000 points per night, you can book for 10,000 points plus €114 per night.
This takes the cost per night down to (£122 for 10,000 points plus £99 for the €114 element) £221 per night. More importantly, it means that you can book a full week using the maximum 77,000 points you can buy under this offer.
£221 per night for a 50 sq m room in a brand new 5-star resort in Mallorca in August is an outstanding deal. The Park Hyatt is actually fairly cheap for cash at £480 per night because it is still new – the St Regis Mardavall is €800 (£700) per night for a cancellable room in the same week.
(Want to earn more hotel points? Click here to see our complete list of promotions from the major hotel chains or use the ‘Hotel Promos’ link in the menu bar at the top of the page.)