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Hyatt just launched a promotion where you can purchase points with a 30% bonus. This is a great promotion for some specific redemption options and I am happy to see it return since the last offer just ended in June. This particular promotion runs through August 31, 2016.
While I never recommend purchasing points speculatively, with this promotion there are definitely some opportunities to save money for an upcoming stay. While there are many examples, I do want to point out a few scenarios where purchasing points to redeem can be much cheaper then paying the lowest available rate at the hotel directly.
Example #1: Hyatt Centric South Beach Miami
This Hyatt property just downgraded from a Category 6 to a Category 4 hotel. It is a new-ish property that is walking distance to South Beach. During peak season, this hotel can easily go for over $600/night. While I would never pay that amount to stay there (or any other hotel in South Beach), to spend only 15,000 points for a free night is a great deal! With this promotion, you can purchase 47,000 points with a 14,100 bonus (thus netting you 61,100 points) for $1,128. You can then redeem 60,000 points for 4 free nights which nets out at $282/night. This is MUCH cheaper then the typical going rate! Also remember, when you use points you are not paying the taxes/fees on top of the lowest available rate! It is even a better deal if the Points + Cash option is available. With this you redemption option, you can purchase 24,000 points (giving you a 7,200 bonus) and netting you a total of 31,200 points for $576. When redeeming for a Points + Cash option at a category 4 hotel, you’ll need to redeem 7,500 points + $100 a night. So four nights with this option will only cost you $244/night. And the best thing about Points + Cash is that you can use a diamond suite upgrade and the stay counts for all promotions and towards status.
Other great category 4 options include: Hyatt Regency Coconut Point Resort & Spa in Bonita Springs Florida, Andaz Peninsula Papagayo Resort in Costa Rica, and Hyatt Country Hill Country Resort in San Antonio.
Example #2: Park Hyatt Maldives Hadahaa
This high end property in the Maldives dropped from a category 7 to a 6 last year, making it an amazing opportunity for those looking to redeem points! The average cost at this hotel is about $1,000 a night! With a high nightly cost, using points will essentially give you a 50% discount on two nights! You can purchase 39,000 points plus a 11,400 bonus and it will cost you $936. This will result in paying less then $500/night! And, similar to the example before, if Points + Cash is available, you can do much better – this option requires 12,500 points + $150/night. You could purchase up to 5 nights worth of points with this current promotion – it will cost you $1,152 to purchase the points then another $150/night, meaning it will only cost you $380 a night! That is an incredibly cheap option to stay in the Maldives.
Overall… Of course there are many other scenarios where purchasing points can actually be beneficial, but you’ll have to compare the hotel to the lowest available rate for your desired dates. You can purchase anywhere between 5,000 and 55,000 points to receive the 30% bonus. Purchase points here.