Book Now Before Hyatt Changes Awards

Following in the footsteps of other hotel brands, Hyatt is changing its award structure starting in March 2020 to off-peak, standard and peak pricing. 

However, if you book now and a hotel drops to off-peak, you will receive the difference back. If you book now and a hotel increases, you will not be charged the difference. 

Before Wyndham changed its award structure from 15,000 points for all rooms to a range of 7,500 - 30,000 points last year, I booked the New Yorker hotel in NYC and the Super 8 in Kalispell, Montana. The New Yorker did increase from 15,000 to 30,000 per night so that was a good move. The Super 8 did not change at all. And in case you are wondering why I was concerned about a Super 8 in Montana, this Super 8 is located just outside the gate of Glacier National Park and we were there in August which is high tourist season. 

My daughter fed the birds each morning at the Hyatt Regency Maui

At this point, we don't know which Hyatts will drop in points and which ones will increase. But the point range will be from 3,500 - 45,000 per night. We also don't know what is considered off peak, standard or high peak. But you can probably make an educated guess and you have nothing to lose if you book early. 
The number of award categories will remain the same. 
Right now, Chase is offering a World of Hyatt credit card that has a $3,000 minimum spend for a bonus of 25,000 points which can net you a lot of category 1 nights if you go that route.