Should I Maximize Hyatt’s Points Promo for Tokyo?
I’ll be heading to Tokyo in May, and have been researching options on where to stay. One of my ‘bucket list’ places to stay is the Park Hyatt Tokyo, made famous in part by its appearance in the classic movie Lost in Translation starring Bill Murray. The iconic bar, pool and pure height of the building (52 floors) are all exciting reasons to want to stay!
But cheap this hotel is not. Cash rates for the dates I will be in Tokyo are almost $750/night when you add in taxes and fees – ouch!
The Park Hyatt Tokyo, however, can be had for 30,000 points per night. While that is quite steep, you don’t pay any taxes or fees on award stays, which means that $750/night becomes $0/night!
There’s only one problem – I only have a little over 32,000 Hyatt points. If I was able to, I could apply for the Chase World of Hyatt credit card, which would net me an additional 25,000 points. Unfortunately, I am over Chase’s ‘5/24’ rule for apply for new cards, which means I am ineligible.
Luckily, there’s another option. Hyatt frequently offers bonuses when buying points, and they just happening to be offering 40% bonus points on purchases through the end of 2019.
Doing the Math
If I wanted to stay at the Park Hyatt Tokyo for three nights, I will need 90,000 points. I already have a little over 32,000 points which means I would need to purchase 58,000 points.
With the 40% bonus, that means I really need to buy 42,000 points (and get a 16,000 point bonus).
Those 42,000 points can be purchased for $1,008. Divided by three nights that means my ‘effective’ nightly rate would drop from $750/night to $336/night – not bad!
My conundrum is whether I should wait for the next point purchase event and earn a few more points in the mean time on some work trips, or bite the bullet now and lock in my stay. Luckily, the holidays are a great time to ponder the world of points and miles, so I am sure I will make a decision soon!