World of Hyatt has announced a major change to its award chart starting in May 2026. While Hyatt is technically keeping its award chart, it is introducing five pricing levels within each of the eight categories, with rates varying by as much as 40,000 points per night inside a single category. Hyatt can claim it still has an award chart, but this move makes pricing more dynamic, less predictable, and significantly less valuable for members. Expect ripple effects across the points world as one of the last remaining fixed hotel award charts begins to erode.