Last year in one of my subscribers-only newsletters I suggested the possibility that you could enjoy the benefits of top-tier World of Hyatt Globalist status after the official expiration of your status.
In principle, World of Hyatt status expires on the last day of February, and your status drops to the tier you earned during the previous calendar year. Suite upgrade awards expire on the same date, and can't be redeemed for reservations taking place after the expiration of your status (even if you requalify as a Globalist).
However, when Hyatt Gold Passport transitioned to World of Hyatt, they introduced a new benefit called "Guest of Honor," which allows top-tier Globalist members to share their elite benefits (room upgrades, breakfast and lounge access, waived resort fees, late check-out, and a few others) with friends and family when booking points-only award stays.
Astute readers may have identified the key question by now: if a Globalist member no longer receives Globalist benefits after the expiration of their status, and Globalist suite upgrade awards are not redeemable for stays after the expiration of their status, might it still be possible that Guest of Honor benefits are honored after the expiration of their status?
Having booked a number of such stays, I now believe the answer is yes. On the reservations I have booked, the "GUEST OF HONOR" designation appears on the reservation under "Preferences and Policies." I don't know whether that's manually entered by the reservation agent (you have to make Guest of Honors reservations over the phone) or is applied to the reservation some other way, but I believe it's more likely than not that it won't be automatically removed once the Globalist's status expires.
For folks who travel as a pair or more, nothing could be simpler than making a Guest of Honor reservation in your companion's name rather than your own. But even when making plans for solo travel, remember that many parents and children, aunts and nephews, uncles and nieces, also share the same name.
Finally, note that most Hyatt properties see vanishingly few Guest of Honor reservations, which fact combined with the very recent introduction of the benefit means you should anticipate maximum confusion when checking in on any Guest of Honor reservation.