Best Travel and Hospitality Companies in Indonesia
The 123 best Travel and Hospitality companies in Indonesia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Kereta.
If you want to map the best Travel and Hospitality companies in Indonesia by disclosed equity funding and recent funding momentum, you're looking at 123 tracked companies, $300M in total disclosed capital, and a funding picture that's almost entirely top-heavy. Kereta alone accounts for $247M of that pool. ASSA Rent follows at $34M, Ismaya at $18M, and then the numbers fall off a cliff fast. No unicorns yet, but the global backdrop is real: the sector was a $889.7B market in 2020 and is forecast to hit $1,731.4B by 2025 at a 14.2% CAGR, driven in part by shifting generational demand. That's a tailwind Indonesia's operators can't ignore.
What I find telling is the mobile signal. Across 614 hospitality and travel apps, median install growth is running at roughly +19% YoY, and mobile's grip on travel decisions keeps tightening. So where is the Indonesian funding actually concentrating? Infrastructure and transport, not leisure. Garuda Indonesia sits at zero disclosed funding, Telunas Resorts and Museum MACAN together barely clear $170K. Active investors like ASTRA, Affirma Capital, and BCA Syariah are circling, but coverage is flat and the hot emerging themes, severe weather advisories and flood-stage forecasting, hint at cautious operators watching macro conditions before they commit bigger checks.
Ranked: Best Travel and Hospitality companies in Indonesia
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Kereta Railroad service provider | $247M | 28 mo ago | Series D | Edi Sukmoro CEO | 2016 | PHPRaphaeljQuery Sparklines+17 | — |
| 2 | ASSA Rent Provider of integrated transportation solutions | $34M | 90 mo ago | Public | Prodjo Sunarjanto CEO & President | 2003 | PHPAmazon ALBAmazon Web Services+17 | — |
| 3 | Ismaya Operator of upscale restaurants, lounges, and event spaces | $18M | 48 mo ago | Late Stage | Christian Rijanto Founder | 2003 | October CMSTurbopackPHP+18 | 1 award |
| 4 | Telunas Resorts Operator of resorts | $100K | 84 mo ago | Seed | Eric Baldwin Co-Founder | 2004 | WordPressMySQLPHP+41 | — |
| 5 | Museum MACAN Operator of art museum | $69K | 89 mo ago | Funding Raised | Haryanto Adikoesoemo Founder | 2017 | PHPYouTubeApache HTTP Server+11 | — |
| 6 | Garuda Indonesia Operator of passenger airlines | — | 11 mo ago | Public | Ngurah Danadiputra CEO | 1947 | SalesforceBootstrapAmazon Web Services+20 | — |
| 7 | PT Sanurhasta Mitra Tbk Owns & operates hotels and resorts | — | 44 mo ago | Public | — | 1993 | WordPressMySQLPHP+20 | — |
| 8 | Zest Hotel Operator of standalone hotel | — | 72 mo ago | Funding Raised | — | 2011 | Cart FunctionalityWindows ServerMicrosoft ASP.NET+19 | — |
Top 12 Travel and Hospitality companies in Indonesia
#1
Series D · Bandung, West Java · founded 2016$247.3Mraised▾
Railroad service provider
- Feb 2024Conventional Debt$488.1M
- Dec 2020Series D$247.3M
- Nov 2019Conventional Debt$142.6M
- Sep 2019Conventional Debt$141.4M
#2
Late Stage · Jakarta, Jakarta · founded 2003 · 1959 employees$18.1Mraised▾
Operator of upscale restaurants, lounges, and event spaces. It develops and manages a diverse portfolio of lifestyle establishments, each with a unique design and target demographic. The company focuses on creating a distinctive customer experience through meticulous attention to architecture, branding, service, and product quality. It also produces and hosts large-scale events and festivals.
- Jun 2022PE$18.1M
- May 2017PE—
#3
Public · Jakarta, Jakarta · founded 2003 · 1642 employees$34Mraised▾
Provider of integrated transportation solutions. This includes corporate vehicle rentals, logistics services, driver services, automotive auction services, and car-sharing applications. The company offers a diverse suite of mobility and logistics options designed to meet various business and personal transportation needs. Services are supported by a network of maintenance facilities and a customer service center.
- Dec 2018Conventional Debt$20.6M
- Oct 2018Conventional Debt$6.6M
- Aug 2018Conventional Debt$6.8M
#4
Seed · Batam, Riau Islands · founded 2004 · 55 employees$100Kraised▾
Telunas builds boutique resorts in remote areas to provide job opportunities for the local community and incredible experiences for our Guests. Telunas Resorts is a socially responsible hospitality company that was founded in 2004 to help others have unforgettable experiences and reconnect with what's important. Telunas Resorts is 50 km south of Singapore, but you are truly a world away. Choose between Telunas Beach Resort, founded in 2004 and set upon one of the region's nicest white sandy beaches, or our newly developed Telunas Private Island set just over a kilometer away from Telunas Beach.
- 2019Seed$100K
#5
Funding Raised · Jakarta, Jakarta · founded 2017$68.6Kraised▾
Museum MACAN is a modern and contemporary art museum in Jakarta, Indonesia, showcasing a diverse range of artistic expressions. The museum's collection and exhibitions aim to promote art and culture, with a focus on Southeast Asian art and artists. Through its various programs and initiatives, Museum MACAN seeks to engage audiences and foster a deeper appreciation for the region's rich artistic heritage.
- Dec 2018Grant (prize money)$68.6K
#6
Public · Tangerang, Banten · founded 1947 · 11253 employees—raised▾
In 2022, the company recorded annual revenues of $2.11B and a net profit of $3.67B.
#7
Public · Jakarta, Jakarta · founded 1993 · 11 employees—raised▾
Owns & operates hotels and resorts
#8
Funding Raised · Yogyakarta, Special Region of Yogyakarta · founded 2011—raised▾
Operator of standalone hotel
- May 2020Grant (prize money)—
#9
Public · Jakarta, Jakarta · founded 1978—raised▾
Jasa Marga is a developer and operator of toll roads in Indonesia. The company also offers a mobile app that provides information about traffic, schedules, weather, etc.
#10
Seed · West Java—raised▾
Provider of tour services
#11
Late Stage · Jakarta, Jakarta · founded 1983 · 374 employees—raised▾
Operator of chartered flights
#12
Public · Jakarta, Jakarta · founded 1993—raised▾
Sentul City is an integrated township situated in South Jakarta, Indonesia. It expands up to an area of over 3100 hectares consisting of residences, retail stores, hotels, parks, and entertainment as well as commercial facilities.
Funding & investor landscape
Notable founders
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
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.