Hyatt has been making a number of loyalty program enhancements ever since the official relaunch (as World of Hyatt) in early 2017. Members are now able to use their points for free nights in premium suites and there is no longer a minimum length of stay for free nights in suites. With that being said, Points + Cash rates have also been devalued since members are now required to pay 50% of the BAR (instead of a fixed rate). In a bid to improve the loyalty program, World of Hyatt will be introducing Milestone Rewards to all members from 01 March 2019 - members will soon be able to unlock more perks and benefits with every 10 nights that they stay with the brand (up to 100 nights per year).
Starting from 01 March 2019, World of Hyatt members will be able to earn Milestone Rewards that reward members as soon as they hit a number of nights (or base points) each year.
With the new enhancements, members will be able to earn the Club Lounge award quicker and they will also be rewarded with two suite night awards after consuming 50 eligible nights. There will also be a number of changes to the program from 2020 - Globalist members will no longer be able to re-qualify with just 55 nights each year. All members are required to hit at least 60 eligible nights each year in order to qualify/retain Globalist status.
(H/T: John from LoyaltyLobby)