Shenzhen has 6 hotels in the Michelin Guide's Key selection — 1 Two Keys and 5 One Key. 5 can be booked with points: 2 through World of Hyatt, 2 through Marriott Bonvoy and 1 through ALL – Accor Live Limitless. Cash-only independents are listed too so nothing is missing from the map.

20k pts
49k pts
On points
On points
On pointsMedian points per night and cents-per-point value from AwardClaw's award tracking. Value is the cash rate divided by the points price, so higher is better; green means the redemption beats the program's usual value by a wide margin.
| Hotel | Keys | Program | Points / night | Value |
|---|---|---|---|---|
| Park Hyatt Shenzhen Shenzhen, China | Hyatt · Park Hyatt | 20,000 | 1.4¢/pt | |
| The St. Regis Shenzhen Shenzhen, China | Marriott · St Regis | 49,000 | 0.6¢/pt |
Park Hyatt 1 · Andaz 1
~1.7¢ per point · Chase Ultimate Rewards and Bilt Rewards transfer to World of Hyatt at 1:1, which is why Hyatt is the program most award travelers build around.
St Regis 1 · St. Regis 1
~0.7¢ per point · Amex Membership Rewards, Chase Ultimate Rewards and Bilt all transfer to Bonvoy at 1:1, so Marriott points are the easiest to top up in a hurry.
Raffles 1
fixed at 2¢ per point · Capital One and Citi ThankYou points transfer to ALL at 2:1.
6: 1 Two Keys and 5 One Key. That makes Shenzhen one of 5 places in China with three or more Key hotels.
5 of the 6: Park Hyatt Shenzhen, The St. Regis Shenzhen, Andaz Shenzhen Bay, Raffles Shenzhen and The St. Regis Shenzhen Bao'an. By program: 2 through World of Hyatt, 2 through Marriott Bonvoy and 1 through ALL – Accor Live Limitless.
Two Keys is the highest rating in Shenzhen, held by Mandarin Oriental Shenzhen. None of them take points.
Park Hyatt Shenzhen, at a median of about 20,000 Hyatt points a night — 1.4¢ per point against the cash rate.
Hotel selection and Key ratings from the MICHELIN Guide hotel selection; points prices and value are AwardClaw's own observations of each program's award pricing and move with dynamic pricing. Program links reflect the loyalty program a property belongs to at the time of writing — partner portfolios (Mr & Mrs Smith, Small Luxury Hotels, Design Hotels) change, so confirm on the program's site before transferring points. AwardClaw is not affiliated with Michelin or any hotel group. MICHELIN is a trademark of its owner.