Update 10/20/21: Official date is 10/26 for these changes to go into effect.
Update 10/13/21: Just a reminder to book these now as these changes are due to go into effect on mid October.
Original post: Hyatt has announced that they will be delaying the introduction of peak and off peak pricing until mid October 2021. Originally this was supposed to be introduced March 2020 but has been delayed multiple times due to COVID-19. Starting mid October 2021 the off peak/peak pricing will be reflected on stays from March 2022 onwards.
In addition to this delay Hyatt will be pausing points expiration until December 31, 2021. Previously this was paused through June 30, 2021.