Take a look in our kitchen and see how we earn our money
We've worked for years in the hotel industry and we're still amazed by the lack of transparency of venue finders. In 2020, it's unthinkable that there are still a lot of businesses not fully transparent about their earnings and way of work. At Hypermice we decided to do it differently. We believe that the truth will always come out and therefore everyone can take a look in our 'kitchen' and see how we earn our money.
No one is doing his or her job for nothing
When you work with people you can expect that no one is doing his or her job for nothing. Every company needs to earn money to generate income, but sadly a lot of companies are a bit shady about how they earn their income. Many venue finders will tell you that they’re paid per year, based on the amount of groups they confirm. But we can tell you that’s rarely the case. Hotels generally pay the venue finder a commission per confirmed request and this commission will be paid to the venue finder after the event took place.
Many venue finders will tell you that they're paid per year, based on the amount of groups they confirm. But we can tell you that's rarely the case.
Hypermice is completely open and honest about their earnings
At Hypermice we’re fully transparent about how we generate our income. In the travel industry it’s common to receive a commission paid by the hotels. Hypermice receives commission over one or multiple items, such as bedrooms, meetings rooms, DDR and F&B. It depends per hotel and per request over which items we receive commission. Also, the percentages differ per request and per hotel. The market average for venue finders is 10% commission on bedrooms, meeting rooms, DDR and F&B (Food & Beverage). However, the online travel agencies such as Booking.com, receive much more than that. Read here how much commission online travel agencies like TripAdvisor and Booking.com receive for their services.
Commissionable rates are the same as normal rates
Don’t worry; you’ll not pay anything extra when booking a conference via Hypermice. It’s an unwritten rule that commissionable rates are the same or even lower than booking directly at a hotel. For example, when you’re booking a private city trip, you’ll start Googling to find the perfect hotel for your weekend away. It’s remarkable to see that the rates at Booking.com or TripAdvisor are often much cheaper than the rates when you book directly at the hotel. Hotels are highly dependance on venue finders or online travel agencies, simply because the hotels themselves don’t have the capacity, knowledge and money to engage in online marketing. Read here why commissionable rates are ofter cheaper than direct bookings.
In case you’ve any questions about how we earn money, please feel free to contact us and we’re happy to explain in more detail.