Expedia Group: New One Key program and Hotels.com devaluation

Updated Aug 18, 2026
Fact checked by
Audrey Voisine
Audrey Voisine Audrey Voisine
Audrey, co-founder of Milesopedia, is a dedicated entrepreneur, avid traveler, and mother of two children. She shares valuable tips and recommendations for families and frequent travellers alike, helping everyone get the most from points and rewards programs. As Executive Vice President of Marketing and Communications, she is committed to guiding Milesopedia readers toward more accessible, practical, and memorable journeys.
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Expedia Group: New One Key program and devaluation of Hotels.com - One Key rewards
To the point On July 6, 2023, Expedia Group launched its new One Key loyalty program in the United States, simultaneously devaluing the Hotels.com program.

Where do we stand in 2026?

  • Canada: The Hotels.com Rewards program (collect 10 nights, get 1 reward night, approximately 10% value) remains in effect. It was never fully converted to One Key.
  • United States: One Key remains the program in place (OneKeyCash, approximately 2% back). No rollback has been announced.
  • Europe (Germany, Spain, Netherlands): Return of a version of the traditional program between July and August 2026.

The rest of this article traces the launch of One Key in 2023 and how it works, which is still relevant in the United States.

The launch of One Key (2023)

Historical note (July 2023): The transition to One Key began in the United States. The global rollout has since retreated (see the box at the beginning of the article): in Canada, the Hotels.com Rewards “collect 10 nights, get 1 reward night” program has remained in effect.

To combine the rewards programs of its Hotels.com, Expedia, and Vrbo sites, Expedia Group is launching a new program: One Key. The transition to the new program began on July 6, 2023, in the United States and will affect approximately 145 million members worldwide.

Those using Vrbo will be very happy to learn that they can now earn rewards on their bookings. As for Expedia points, they will be converted into OneKeyCash dollars.

In 2023, this change was expected to lead to the disappearance of the much-loved Hotels.com Rewards. In Canada, this program was ultimately retained.

Program officials say:

Hotels.com Rewards was easy to understand. For each night booked and stayed via Hotels.com, a stamp was given. After 10 stamps (or 10 nights), the 11th night was free.

How One Key works (still in effect in the United States)

The One Key status works by “trip element“. This includes:

  • One night in a hotel, on a cruise and in a rental house
  • A flight
  • An activity (guided tour, theme park ticket, etc.)
  • A ticket for ground transportation (airport, transfers, etc.)
  • And one day of car rental

One Key will have 4 loyalty tiers, valid for all bookings on Expedia, Hotels.com, and Vrbo:

  • Same benefits as Blue members
  • 15% discount on Member prices
  • 50% more One Key Cash on VIP Access property reservations
  • Priority traveler assistance

  • Same benefits as Silver members
  • 20% discount on Member prices
  • 100% more One Key Cash on VIP Access property reservations
  • Additional benefits at select VIP Access hotels (hotel credit, upgrade, late checkout, etc.)
  • Protection against price drops

  • Same benefits as Gold members
  • 200% more One Key Cash on VIP Access property reservations
  • Platinum VIP Support
  • Coupon for up to $100 off

For 2023, Hotels.com Rewards status will be the same in the new One Key status.

Expedia Group: New One Key program and devaluation of Hotels.com - One Key program

One Key Cash Dollar Accumulation

Upon the official launch of the One Key program, existing stamps in Hotels.com accounts will be converted to OneKeyCash at 10% of their value toward the new One Key account. If you had a reward night, its value will be transferred to OneKeyCash.

Then, the Blue member will accumulate :

  • 2% for every eligible dollar spent on accommodation, car rentals, activities, packages, and cruises
  • 0.2% for every eligible dollar spent on flight bookings

A Silver member will accumulate :

  • 3% for every eligible dollar spent on VIP Access accommodations only

A Gold member will accumulate :

  • 4% for every eligible dollar spent on VIP Access accommodations only

And a Platinum member will accumulate :

  • 6% for every eligible dollar spent on VIP Access accommodations only

To redeem One Key Cash, there is no waiting. Whether a member has $1 or $100 in One Key Cash, they can cash it in at any time to reduce the cost of their reservation.

Conclusion

Although the One Key program will bring together three major popular sites, this is unfortunate for Hotels.com members. High-status people can expect to earn back a little, thanks to their discount on certain hotels.

Furthermore, it appears that the Price Guarantee Plus benefit will no longer be available.

Nevertheless, the 2% to 6% return from the new One Key program is a far cry from the 10% value obtained with Hotels.com.

2026 Perspective: This shift primarily affected the United States, where One Key remains. In Canada, Hotels.com Rewards (collect 10 nights, get 1 reward night, representing about 10% value) stayed in place.

From now on, it might be better to book directly with the hotel or accommodation you want. You’ll earn membership status and benefits that can better serve you, like at Marriott Bonvoy, Hilton or IHG hotels.

Blue

Silver (5 trip element)
Gold (15 trip element)
Platinum (30 trip element)
Come to discuss that topic in our Facebook Group!
Jean-Maximilien Voisine
Jean-Maximilien Voisine
Jean-Maximilien Voisine is the President and Founder of Milesopedia and a leading expert in rewards programs, credit cards, and travel across Canada, France, and the U.S.A. Now 40 years old and a father of two, he has explored more than 100 countries, many of them alongside his wife Audrey and their children. Specializing in loyalty programs such as Aeroplan, Flying Blue, American Express Membership Rewards, and Marriott Bonvoy, Jean-Maximilien helps travellers unlock the full potential of their points and benefits. His mission: empower others to travel better and smarter across North America and Europe.
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