Peerspace, Tagvenue and The Knot cost nothing to join at the entry level, but they earn money in different ways: Peerspace takes a 20% service fee on bookings, Tagvenue charges a commission that depends on market and category, and The Knot sells advertising to wedding vendors. What a platform really brings your venue can only be measured in your own numbers: inquiries received, proposals sent, events booked and fees paid, platform by platform.
Monday, 8:40 a.m. Three notifications are waiting: a Peerspace request for a 25-person team offsite, a Tagvenue inquiry for a two-day sales meeting, and a Cvent RFP for a client dinner. Three formats, three dashboards, three ways to reply. This article lays out what each platform publishes about its model, what it expects from you, and a method to find out, after a quarter, which one deserves your time. It does not rank the platforms: it gives you what you need to do that with your own data.
What do Peerspace, Tagvenue and The Knot charge a venue?
Listing on Peerspace is free, and hosts pay a service fee of 20% on the booking amount and any additional fees charged to the guest, such as cleaning and add-ons. Tagvenue also lists venues for free and takes a commission once a booking is confirmed. According to Tagvenue's own explainer, updated July 2026, most invoice-based bookings in the US carry no commission, while categories with mandatory online payment, such as meetings, production and dry hire, carry 15%.
The Knot works differently: it is an advertising marketplace for wedding vendors. In a July 2024 announcement, The Knot Worldwide introduced a free Storefront for vendors new to The Knot and WeddingWire, plus a hybrid plan combining a low base subscription with a pay-for-performance budget set by the vendor. It only matters if you sell weddings. For corporate events, the Cvent Supplier Network is the other big channel: free for planners, with paid visibility options for venues.
| Platform | Listing | Model | Published rate | Best fit |
|---|---|---|---|---|
| Peerspace | Free | Service fee on each booking | 20% of booking and add-ons | Offsites, meetings, shoots, private events |
| Tagvenue | Free | Commission after a confirmed booking | 0% on most US invoice-based bookings, 15% where online payment is mandatory | Meetings, private events, parties |
| The Knot | Free Storefront for new vendors | Advertising, subscription plus performance budget | Varies by region and category | Weddings only |
How many inquiries can you expect from a venue platform?
Platforms publish their audience, not the number of inquiries your venue will get. Your volume depends first on what you control: how well your listing matches the filters planners use (capacity, layouts, location, event types), the event types you accept, and how fast you reply. Our guide to optimizing your venue marketplace listings covers the fields to fill first.
Are platform inquiries good quality?
They are structured, which helps: date, headcount, budget and event type arrive in fields rather than in an email you have to decode. They are rarely exclusive, though. Assume the planner is comparing several venues. To judge quality, track these per platform for a full quarter:
- Servable rate: the date is open, the headcount fits your rooms, the budget matches your pricing.
- Proposal rate: how many servable inquiries get a complete proposal.
- Booking rate: how many proposals turn into confirmed events.
- Average booked value: fewer inquiries for two-day meetings can beat a flood of small parties.
- Average time from inquiry to proposal: the one variable you fully control.
- Repeat clients: an annual offsite that rebooks does not show up in the first quarter.
How fast should you respond to a platform inquiry?
As fast as you can. The Harvard Business Review study The Short Life of Online Sales Leads found that most companies respond far too slowly to online inquiries. When the same request went to several venues, the first complete proposal starts ahead. Our article on responding to event inquiries in under two hours covers how to hold that pace.
How do you reply fast without retyping every inquiry?
The time goes into copying, not writing: opening the dashboard, rereading the request, re-entering the date, headcount and options into your calendar, then into your proposal tool. Joinways has no API with these platforms. It reads the notification emails they send you and creates the inquiry in your inbox, and the Chrome extension picks up the inquiry shown in the platform's dashboard. You then send the proposal wherever the platform requires it.
How do you measure what each platform brings in?
Two numbers, calculated separately for each platform. Cost per inquiry: fees paid over the period plus time spent replying (hours times loaded hourly cost), divided by servable inquiries. Cost per booked event, the one that decides: the same total divided by confirmed events from that platform. Keep one row per platform with inquiries received, servable inquiries, events booked, booked revenue, fees paid and time spent.
Remember that a fee-based platform expects bookings to stay on it: Peerspace's fee applies to bookings made through Peerspace, so count repeat bookings from the same client honestly. The full method, including how to compare channels, is in our article on what an event inquiry really costs.
Should you keep a platform that brings in little?
Not on gut feel. Wait a full quarter, with the source recorded on every inquiry. Check what depends on you first: an incomplete listing, slow replies, proposals with no follow-up. Our proposal follow-up templates cover platform inquiries that went quiet. If the cost per booked event is still higher than your other channels, reduce the effort before cutting the listing: free listings only cost the time you spend replying. For paid directories, see our piece on the real ROI of venue marketplaces.
Frequently asked questions
- What are Peerspace's fees for hosts?
- Listing is free. Peerspace charges hosts a 20% service fee on the booking amount and on any additional fees charged to the guest, such as cleaning or add-ons.
- Does Tagvenue charge venues a commission?
- Only after a confirmed booking. Tagvenue's explainer, updated July 2026, says most invoice-based bookings in the US carry no commission, while categories with mandatory online payment, such as meetings, production and dry hire, carry 15%.
- Is The Knot worth it for a corporate event venue?
- The Knot is a wedding marketplace. Its model is advertising (a free Storefront for new vendors, then paid tiers including a subscription plus a performance budget). If you do not sell weddings, corporate channels such as the Cvent Supplier Network are a closer fit.
