Best Travel and Hospitality Companies in Latvia
The 212 best Travel and Hospitality companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: MYCABIN.
Latvia's Travel and Hospitality sector doesn't generate unicorns yet, but 212 tracked companies tell a story worth reading before you write the space off. Total disclosed funding sits at $2M, with Mycabin claiming nearly all of it. That concentration is striking. Hotel Cesis has disclosed $116,838 and BeTriton $87,392, which puts the rest of the field at essentially zero. And the global backdrop makes that gap feel more urgent: the market was valued around $889.7B in 2020 and is forecast to reach $1,731.4B by 2025, a 14.2% CAGR that rewards operators who move on capital early.
So what does the mobile signal tell us? Across 614 hospitality and travel apps, median install growth is running at roughly +19% year-over-year, which means consumer demand is outpacing funding rounds in this market by a wide margin. I'd watch that divergence closely. Coverage themes are leaning hard into severe weather advisory and flood stage forecasting, which reflects real operational risk for Baltic-region travel businesses. Cautious post-pandemic positioning has defined the sector globally, and Latvia's thin funding pool suggests that caution runs especially deep here. The upside is genuine for anyone willing to file early.
Ranked: Best Travel and Hospitality companies in Latvia
| # | Company | Disclosed funding | Revenue | Net margin | Employees | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Akz | — | $107M FY2022 | +19% | 272 | — | BootstrapMicrosoft ASP.NETjQuery Migrate+8 | — |
| 2 | Averoja Provider of travel agency offering corporate travel services | — | $16M FY2022 | +2% | 13 | 1996 | — | — |
| 3 | Amber Jet Group Provider of charter and jet services | — | $14M FY2022 | +0% | 14 | 2016 | — | — |
| 4 | Akvaparks Indoor water park | — | $6M FY2023 | +23% | 58 | 2003 | PHPUbuntuGoogle Maps+10 | — |
| 5 | AERODIUM Producer of vertical wind tunnels for public entertainment, offering patented technology for flying… | — | $3M FY2024 | — | — | 1979 | Microsoft ClarityLinkedin Insight TagLeadfeeder+10 | — |
| 6 | Baltic GSA Provider of outsourcing services for cruise lines, airlines, and other travel industry companies, offering… | — | $3M FY2023 | +6% | 2 | 2009 | — | — |
| 7 | Avanti Provider of travel agency services | — | $2M FY2023 | +2% | 2 | — | — | — |
| 8 | Art Hotel Roma Operator of hotels | — | $915K FY2022 | -5% | 42 | 1881 | PHPGoogle MapsLaravel+10 | — |
| 9 | Baltic Holidays Operator of baltic tours and travel experiences | — | $883K FY2017 | -5% | 16 | 1999 | Microsoft ASP.NETBootstrapReact Router+21 | — |
| 10 | Balt-Go Provider of travel experiences services | — | $682K FY2022 | +5% | 9 | 2008 | Cart FunctionalityWooCommerceWordPress+30 | — |
| 11 | AeroKnow Aviation company specializing in designing and manufacturing minor aircraft components | — | $527K FY2024 | — | 3 | 2021 | — | — |
| 12 | ALBA Operator of hotels | — | $446K FY2023 | +0% | 8 | — | — | — |
| 13 | RailBaltica Provider of rail infrastructure and transport services | — | $384K FY2025 | — | 142 | 2014 | WordPressApple iCloud MailMicrosoft 365+22 | 1 partnership · 2 expansions |
| 14 | Auto VIP Buss Operator of buses | — | $351K FY2022 | +14% | 6 | — | — | — |
| 15 | Auto Ragana Provider of car rental services | — | $282K FY2023 | +4% | 4 | — | Node.jsVue.jsNuxt.js+7 | — |
| 16 | Airtraining Provider of flight training programs and maintenance services for commercial pilots and aircraft operators | — | $263K FY2022 | +2% | 13 | 2006 | — | — |
Top 10 Travel and Hospitality companies in Latvia
#1
Seed · Riga, Riga · founded 2020$1.7Mraised▾
Designer and developer of modular houses intended to provide ready-made houses for comfortable living. The company offers timber frame Scandinavian design holiday homes of various sizes that can be placed anywhere where construction is permitted, ensuring customers with convenient and easy-to-buy vacation homes.
#2
Seed · Bilska, Smiltenes Novads · founded 2018 · 5 employees$87.4Kraised▾
Operator of adventure tour
- Aug 2024Seed$87.4K
#3
Early Stage · Cesis, Cesis Municipality · founded 1939$116.8Kraised▾
Operator of hotel
#4
Funding Raised · Latvia · 1 employees—raised▾
Provider of transportation infrastructure planning and development services. It develops statewide transportation plans and manages large-scale road and bridge improvement projects. The organization oversees pavement improvement programs and provides regular updates on project progress and funding allocation. It offers resources and communication channels for stakeholders to access information related to transportation initiatives.
#5
Funding Raised · Latvia · 660 employees—raised▾
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#6
Funding Raised · Latvia · founded 2003 · 1 employees—raised▾
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#7
Funding Raised · Latvia · 2084 employees—raised▾
Operator of airport facilities, retail outlets, and aviation consulting services. The business manages airport operations and provides retail shopping experiences. It also offers expertise in aviation consulting to external clients. The company focuses on maintaining and developing airport infrastructure.
#8
Funding Raised · Riga, Riga · founded 2003 · 5 employees—raised▾
Provider of accessible, safe & sustainable public transport system, road transport, and parking services
#9
Funding Raised · Riga, Riga · founded 2014 · 142 employees—raised▾
Provider of rail infrastructure and transport services
#10
Funding Raised · Riga, Riga · founded 2012 · 28 employees—raised▾
Developer of dual fuel systems intended for high horsepower diesel engine applications locomotives and energy sectors. The company offers services such as feasibility studies, commercial offers, detailed technical projects, and after-sale servicing, enabling clients with both the long-term cost-saving and the environmental benefits of LNG and CNG.
Funding & investor landscape
Notable founders
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.