Hyatt and American Airlines just announced a new partnership where frequent travelers can earn both hotel points and airline miles on stays at Hyatt properties and flights on American Airlines.

Unfortunately, infrequent travelers probably won't be able to benefit from the new partnership. American Airlines AAdvantage members will be able to earn bonus AAdvantage miles for stays at Hyatt properties. At the same time, elite members of Hyatt's World of Hyatt program will earn both World of Hyatt bonus points and American AAdvantage miles when flying on qualifying American flights.

American Airlines AAdvantage members who have Gold, Platinum, Platinum Pro, Executive Platinum or ConciergeKey status will earn one AAdvantage bonus mile per dollar spent at participating Hyatt properties, in addition to earning World of Hyatt points through Hyatt hotel stays. Those who are part of American's ConciergeKey program will also enjoy Hyatt's top-tier Globalist status. Perks include suite upgrades, bonus points on stays and hotel club access.

World of Hyatt elite members with Discoverist, Explorist and Globalist status will enjoy one World of Hyatt bonus point for every dollar they spend on qualifying American flights. These bonus World of Hyatt bonus points are awarded in addition to AAdvantage miles earned by their travel on American flights.

What's more, AAdvantage Platinum, Platinum Pro and Executive Platinum members along with Explorist and Globalist World of Hyatt members can take part in limited-time status challenges. After registration, the above-mentioned elite members will get to instantly enjoy their new loyalty benefits in the reciprocal program tier, as they work to maintain their respective elite tier status. For those who travel frequently on American as well as stay at Hyatt properties, this benefit is great as it lets you enjoy the best of both worlds, perks and benefits.

To take advantage of the program and start earning points, members will need to link accounts via a page that will be set up later in the year, though no date has been given at this time. After registration, miles and points will accrue automatically after each hotel or flight booking.

Adam Luehrs is a contributing writer at GET.com based in California. He likes traveling to new and exciting destinations, preferably on his credit card company's dime. When not on the road, Adam enjoys hiking around the mountains of San Diego, trying out new food and reading history books. Email: adam.luehrs@get.com.