I have been able to confirm with Hyatt that as of 10/31/14 they no longer offer Diamond Status challenges or status matches. That’s not to say that they absolutely won’t match again in the future or re-introduce a challenge, but in it’s current format, the Diamond Challenge is no more. Hyatt’s Gold Passport Diamond status is one of the most lucrative in the hotel industry giving members (4) confirmed suite upgrades good for stays of up to 6 nights each. Those are good on any status eligible rate including points + cash rates making them incredibly valuable.
The challenge required proof of an equal status level among other major competitors such as Hilton, SPG, or Intercontinental. Once approved for the challenge you would complete 12 nights in 60 days (certainly a tight window) but you would also get 4 suite upgrades to use immediately and then another 4 in the new status year starting March 1st.
I have been fortunate to complete two challenges and I will certainly miss having this as something to fall back on, but then again, I can appreciate that where they were overly generous they now have corrected to being fair – you earn the status for which you stay.
That being said, I doubt that I will let my Hyatt Diamond status ever lapse. If you have it now, hold on to it as long as you can, who knows when or if this will ever come back.