Bookings must be made by May 23.

Travelers can also input a promotional code LOCKITIN to verify they are seeing the most discounted rates available.

Hyatt points out that the discount is subject to availability,according to a release.

Aerial view of the outdoor patio at Rancho Pescadero

Courtesy of Hyatt

Nightly room rates rose 50% in January according toa February research report from travel booking site Hopper.

Hopper also shared recently that airfare isexpected to reach a 5-year highthis summer.