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 1.27p – per point.
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 520 (£455) in early to mid August 2018, or Euro 575 (£500) if you want a cancellable one. A redemption at 20,000 points per night (£254) would be a great deal.
£254 per night for a 50 sq m room in a brand new 5-star resort in Mallorca in August is a very good deal. The Park Hyatt is actually fairly cheap for cash at £500 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.)