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As they say, easy come, easy go, and that’s the case today for the partnership between Hyatt and the Oasis Collection that was a part of Hyatt’s Unbound Collection. Roughly a year ago, Hyatt made a minority investment in the Oasis Collection, and the two companies partnered as a way for World of Hyatt members to earn or use points to stay in Oasis Collection’s high-end ‘home rentals’ in places such as London, Barcelona, Rome and beyond.
This partnership was a way for Hyatt to expand its footprint, at least in a sense, and offer larger and non-traditional lodging options to members. While I hadn’t yet stayed in an Oasis home rental with my family, it was very much on my radar the next time it made sense. With Oasis, you got the space and location benefits of renting an Airbnb-style place to lay your head, but with much stricter quality controls and a points-earning and redemption element. Oasis is described as hotel meets home, and that sounds like a good place to be.
However, Oasis was recently sold to Vacasa, the largest vacation rental management company in North America. Hyatt told TPG that as a result of the sale, Oasis Collections is no longer affiliated with The Unbound Collection by Hyatt or the World of Hyatt loyalty program. The Hyatt Unbound website states that Hyatt and Oasis ended their affiliation on Sept. 24, 2018, but Hyatt tells TPG that all Oasis reservations made by World of Hyatt members before Oct. 2, 2018, will be honored and World of Hyatt points and tier night credits will be awarded.
In fact, a TPG reader told us on Monday that Oasis not only kept his World of Hyatt award reservation, but that Hyatt sweetened the deal for him with some bonus points as a courtesy related to the end of the partnership.
A Hyatt spokesperson tells TPG that Hyatt has left the door open to have discussions with Vacasa going forward. That said, the Hyatt website also stated that the “business has not met our financial expectations, reflecting challenges that market participants across the high-touch private accommodations space are facing, including a fast-moving regulatory environment and scaling profitably.”
In better news, remember that Hyatt has announced a partnership with the Small Luxury Hotels of the World (SLH) that will allow World of Hyatt members to earn and redeem points at those 500 independent properties around the world beginning beginning later this year.
Featured image by RiverNorthPhotography / Getty Images.
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- Earn 25,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening. Plus, 25,000 Bonus Points after you spend $6,000 total within 6 months of account opening.
- Free nights start at 5,000 points
- Receive 1 free night at any Category 1-4 Hyatt hotel or resort after your Cardmember anniversary
- Earn an extra free night at any Category 1-4 Hyatt hotel if you spend $15,000 during your cardmember anniversary year
- Get automatic World of Hyatt Elite status and 5 qualifying night credits every year as long as your account is open
- Earn 2 qualifying night credits towards tier status everytime you spend $5,000 on your card
- Earn 9 points total for Hyatt stays - 4 Bonus Points per $1 spent at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member
- Earn 2 Bonus Points per $1 spent at restaurants, on airlines tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships