Hyatt Hotels and Resorts Joins Rewards Network(SM)

Date : 10/27/2004 @ 10:15AM
Source : PR Newswire
Stock : Rewards Network (IRN)
Quote : 4.95  0.0 (0.00%) @ 4:40AM
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Hyatt Hotels and Resorts Joins Rewards Network(SM)

Hyatt Hotels and Resorts Joins Rewards Network(SM) Guests Benefit From Cashback or Airline Mile Rewards

CHICAGO, Oct. 27 /PRNewswire-FirstCall/ -- Hyatt Hotels and Resorts has joined the growing roster of more than 11,000 hotels in the Rewards Network Hotels program. Travelers are savvier than ever before when it comes to finding the most attractive combination of room rate and rewards. At the same time, hotels want to remain profitable and develop loyal guests, so both are turning to rewards programs that offer Cashback Rewards or airline miles to meet these goals.

Rewards Network Inc. (AMEX:IRN), one of the nation's leading providers of loyalty and rewards programs, offers one of the most extensive hotel rewards programs in the industry. With the addition of the prestigious Hyatt family of hotels, members now have an additional choice of 106 U.S. destinations. By booking hotel reservations online at http://www.rewardsnetwork.com/ or calling the Rewards Network toll-free hotel reservations number at 877-491-3463, Rewards Network members can book a room and earn Cashback Rewards or up to 7 airline miles for every dollar spent on the room rate.

Members of participating airline hotel programs can earn up to 7 miles per dollar, which is in addition to any mileage earned directly through Hyatt Hotels and Resorts.

"The Hyatt brand is one of the most respected names in hospitality," said George S. Wiedemann, president and CEO of Rewards Network Inc. "We look forward to the mutual benefits of offering Hyatt Hotels and Resorts the power of our rewards program and providing our members with the flexibility inherent in bookings that do not require pre-payment at the time of booking. This is simply the richest rewards program -- there is no other program of its kind."

"Hyatt partnered with Rewards Network because the program was very easy to implement and we are able to retain control of brand, inventory and pricing," said Joan Lowell, Vice President - Electronic Distribution, Hyatt. "This partnership is valuable since we now can offer members of Rewards Network's programs the most competitive rates and up to the minute room availability when they stay at Hyatt locations."

About Hyatt Hotels

Hyatt Corporation and its subsidiaries operate, manage, franchise or lease 122 hotels and resorts in the United States, Canada and the Caribbean. Subsidiaries of Hyatt International Corporation, a separate company, operate, manage or franchise 86 hotels and resorts in 38 countries, with an additional 19 hotels under development. Reservation or information for any Hyatt hotel worldwide can be obtained by calling toll-free in the United States and Canada, 1-800-233-1234, your local Hyatt Hotel or Worldwide Sales Office, or your travel planner. Hyatt is accessible on the Internet at http://www.hyatt.com/ .

About Rewards Network Inc.

Rewards Network(SM) (formerly iDine), headquartered in Chicago, provides loyalty and rewards programs for restaurants and hotels via its registered credit card platform. Incentives are offered through the Rewards Network branded program, airline frequent flyer dining programs, club memberships and other affinity organizations. Rewards Network has 3.7 million active members, over 10,600 restaurants and more than 11,100 hotels participating in its rewards programs. Rewards Network's common stock trades on the American Stock Exchange under the symbol IRN and is listed in newspapers as REWARDS.

Additional details about Rewards Network can be found at http://www.rewardsnetwork.com/ or by calling Rewards Network at 1-877-491-3463.

DATASOURCE: Rewards Network

CONTACT: Kenneth R. Posner, Chief Financial Officer, Rewards Network

Inc., +1-312-521-6790; or Chad Durasa, ext. 243, or Chris Feeley, ext. 237, or

Jane Grant, ext. 224, all of Pierson Grant Public Relations, +1-954-776-1999,

for Rewards Network Inc.

Web site: http://www.rewardsnetwork.com/

http://www.hyatt.com/

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