Best Travel and Hospitality Companies in Estonia
The 358 best Travel and Hospitality companies in Estonia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Hotel Telegraaf.
Estonia's Travel and Hospitality sector doesn't look like much on paper until you understand what's actually here. This directory ranks 358 companies across Estonia by disclosed equity funding and recent funding momentum, and the dominant name is Hotel Telegraaf, which accounts for the entire $543,021 in tracked funding. That's the full pool. No unicorns. Most of the field, including Tervis Spaa Grupp, Estonia Spa Hotels, and AS Eesti Raudtee, reports zero disclosed funding. So what you're looking at is a sector built on operational revenue, not venture capital.
The global picture is a different story. Travel and Hospitality sits at roughly $889.7B and is forecast to nearly double to $1,731.4B by 2025, a 14.2% CAGR that makes almost every other sector look slow. Mobile is moving too: median app install growth across hospitality and travel categories is running at about +19% year over year across 614 tracked apps. I'd note that Estonian operators with lean balance sheets are competing in a market where guest experience expectations are rising fast. The funding gap here doesn't signal weakness. It signals a sector that earns its way.
Ranked: Best Travel and Hospitality companies in Estonia
| # | Company | Disclosed funding | Revenue | Net margin | Employees | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Avis Avis Eesti | — | $13M FY2022 | +11% | 25 | JavaHandlebarsApache HTTP Server+8 | Top 10M | — |
| 2 | Estonia Spa Hotels Operator of hotels chains | — | $12M FY2023 | — | 222 | WordPressMySQLPHP+13 | Top 1M | — |
| 3 | Tervis Spaa Grupp Operator of hotels | — | $8M FY2023 | — | 218 | WordPress Block EditorWordPressMySQL+18 | Top 5M | — |
| 4 | Tervis Spaa Grupp Tervis Spaa Grupp | — | $7M FY2023 | +8% | 162 | WordPressMySQLPHP+11 | Top 50M | — |
| 5 | LaSpa Laulasmaa spa hotel LaSpa I Wellbeing by nature I Official website | — | $7M FY2023 | -5% | 154 | WordPress Block EditorWordPressMySQL+22 | Top 5M | — |
| 6 | Hotel Telegraaf Operator of luxury hotels | $543K | $7M FY2022 | — | 92 | WordPressMySQLPHP+19 | Top 5M | — |
| 7 | Auto100 Rent Auto100 Rent | — | $5M FY2023 | +16% | 2 | PHPLaravelLivewire+18 | Top 5M | — |
| 8 | Tallink Grupp Provider of passenger and cargo transportation services | — | $4M FY2023 | — | — | WordPressMySQLPHP+17 | Top 100k | — |
| 9 | AUTO BODY DEPOT Provider of car rental services | — | $3M FY2022 | — | 1 | — | — | — |
| 10 | Autotehnika Rakvere Autotehnika | — | $2M FY2022 | +2% | 10 | WordPressMySQLPHP+27 | Top 50M | — |
| 11 | Asa Spa Hotel Provider of hotel booking services | — | $2M FY2022 | — | 71 | WordPress Block EditorWordPressMySQL+18 | Top 5M | — |
| 12 | Bergerreisid Põnevad reisid eksootilistesse maadesse - Bergerreisid | — | $2M FY2023 | +14% | 3 | WordPressMySQLPHP+15 | Top 5M | — |
| 13 | Arandas | — | $2M FY2023 | +59% | 6 | — | — | — |
| 14 | ABC Reisid Provider of travel agency services | — | $1M FY2022 | — | 2 | — | — | — |
| 15 | 1Autorent 1Autorent | — | $858K FY2023 | +28% | 6 | Chart.jsVue.jsApache HTTP Server+8 | Top 10M | — |
| 16 | Abuss | — | $798K FY2022 | +39% | 17 | WordPress Block EditorWordPressMySQL+17 | Top 10M | — |
| 17 | Baltic Motion Baltic Motion | — | $624K FY2023 | +16% | 3 | — | — | — |
| 18 | Alex | — | $354K FY2023 | +11% | 11 | — | — | — |
| 19 | Baltikumreisen Operator of tours | — | $318K FY2023 | +3% | 1 | TYPO3 CMSPHPAlmaLinux+11 | Top 10M | — |
| 20 | Adila Adila heaolu- ja puhkekeskus on ideaalne paik ürituste korraldamiseks | — | $301K FY2023 | -19% | 4 | — | — | — |
| 21 | Altmoisa | — | $253K FY2023 | +3% | 12 | NginxjQueryModernizr+4 | Top 50M | — |
Top 7 Travel and Hospitality companies in Estonia
#1
Funding Raised · Tallinn, Harju County · founded 2007 · 92 employees$543Kraised▾
Hotel Telegraaf is a 5-star luxury hotel situated in the heart of Tallinn's Old Town, Estonia. The hotel offers 86 elegant rooms and suites, as well as a range of amenities including an Elemis Spa, pool, and fitness center. Its prime location provides guests with easy access to the city's main attractions and cultural events.
- Sep 2021Grant (prize money)$211K
- Aug 2021Grant (prize money)$14.5K
- Jun 2021Grant (prize money)$196.2K
- Mar 2021Grant (prize money)$121.1K
#2
Funding Raised · Parnu, Parnu County · founded 1996 · 218 employees—raised▾
Operator of hotels
#3
Funding Raised · Parnu, Parnu County · founded 1947 · 222 employees—raised▾
Operator of hotels chains
#4
Funding Raised · Estonia · founded 2004 · 154 employees—raised▾
Manufacturer and supplier of sanitary products based in Laagri, Estonia. The company offers a range of products for the bathroom, including baths, basins, steam rooms, shower cabins, massage rooms, massage panels, energy cocoons, and other bathroom fixtures.
#5
Funding Raised · Estonia · 162 employees—raised▾
Tervis Spaa Grupp
#6
Acquired · Tallinn, Harju County · founded 1870 · 114 employees—raised▾
Provider of operation, management, and maintenance services for railway infrastructure
#7
Public · Tallinn, Harju County · founded 1989—raised▾
Provider of passenger and cargo transportation services
Funding & investor landscape
Market landscape — 10 sub-themes by coverage
Share of Travel and Hospitality coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.