Revenue
53.6% of sector revenue
795 companies earned 686.98m€ in 2025, 53.6% of Hospitality sector revenue. Revenue has grown 3.8× since 2015.
53.6% of sector revenue
323 with at most one employee
Largest employer: Budvanska Rivijera (600)
Median company 1.7% · 41% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 651–700 of 795
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Profit excludes 4 filings with an implausible profit.
Totals include 9 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 179,567,207€ | 353 |
| 2016 | 189,370,214€ | 394 |
| 2017 | 248,134,234€ | 448 |
| 2018 | 301,577,349€ | 510 |
| 2019 | 352,087,096€ | 555 |
| 2020 | 132,075,520€ | 607 |
| 2021 | 297,671,376€ | 614 |
| 2022 | 436,695,881€ | 674 |
| 2023 | 551,217,902€ | 759 |
| 2024 | 657,050,002€ | 818 |
| 2025 (Preliminary) | 686,980,137€ | 795 |
Employees and payroll cost per employee per month*
0.0% |
| 0€ |
| No filing for 2024. |
| -889€ |
| — |
| 1 |
| — |
| 653 | Mugg - Design03219542 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 654 | Naše More03316645 · Budva | 0.0% | 0€ | -100.0% | -13,727€ | — | 1 | 670€ |
| 655 | NC Production03682285 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 656 | Nefes Company03647072 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,132€ | — | 1 | 675€ |
| 657 | New Alternative03511600 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 658 | NM Solutions Mne03779335 · Kotor | 0.0% | 0€ | No filing for 2024. | -3,762€ | — | 2 | — |
| 659 | O2 Group Travel Agency03435466 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,995€ | — | 1 | 595€ |
| 660 | Only One Mare03601919 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,948€ | — | 1 | 613€ |
| 661 | Orca Investment03612813 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 662 | Petrich Art03610896 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,930€ | — | 1 | 670€ |
| 663 | Planinka Žabljak03136582 · Žabljak | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -37,703€ | — | 1 | 824€ |
| 664 | Ponta Bigova03540162 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -38,459€ | — | 1 | — |
| 665 | Popkins03586944 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,298€ | — | 2 | 678€ |
| 666 | Posus03611035 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,171€ | — | 1 | 670€ |
| 667 | River Bridge03807100 · Žabljak | 0.0% | 0€ | No filing for 2024. | 0€ | — | — | — |
| 668 | Sage Strading LTD03192075 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,137€ | — | 1 | — |
| 669 | Saltaragazza Home03741222 · Budva | 0.0% | 0€ | No filing for 2024. | -3,230€ | — | 1 | — |
| 670 | Skyfall Montenegro03488241 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -26,675€ | — | 1 | 642€ |
| 671 | SKY Park03744434 · Podgorica | 0.0% | 0€ | No filing for 2024. | -50,883€ | — | 2 | 1,723€ |
| 672 | Tasić Consult03385302 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,503€ | — | 1 | 672€ |
| 673 | Tastanlar03238431 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 674 | Thallasa03220192 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,071€ | — | 1 | 335€ |
| 675 | The Beautiful Gate03359476 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,444€ | — | 1 | 677€ |
| 676 | Tiana Turizm03233766 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,776€ | — | 1 | 731€ |
| 677 | TM Group03518523 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 678 | Trinita Rose03689921 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,936€ | — | 1 | 339€ |
| 679 | Trinity Project03651797 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 680 | Tugce03192059 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,447€ | — | 1 | — |
| 681 | Urban Bay03782778 · Cetinje | 0.0% | 0€ | No filing for 2024. | -939€ | — | 1 | — |
| 682 | Villa Diva03304787 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,643€ | — | 1 | 679€ |
| 683 | Villa Petra Stoliv03492940 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,607€ | — | 1 | — |
| 684 | Wild Beauty Resort03377121 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,103€ | — | 1 | — |
| 685 | World Grade03493326 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 686 | Yagoda Malina03643158 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,334€ | — | 1 | 670€ |
| 687 | YCD International03657647 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 688 | Unique Projects02773228 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,371€ | — | 1 | 1,350€ |
| 689 | Ekzmo03621260 · Bijelo Polje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,614€ | — | 1 | 591€ |
| 690 | Maria Resorts02638223 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -18,919€ | — | 2 | 678€ |
| 691 | Metropol-In02838109 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,830€ | — | 1 | — |
| 692 | Njivice02437813 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,118€ | — | 1 | 339€ |
| 693 | Petra Bu-203639860 · Budva | 0.0% | 0€ | -100.0% | -14,519€ | — | 1 | 670€ |
| 694 | Tortuga Island02669404 · Budva | 0.0% | 0€ | -100.0% | -17,152€ | — | 1 | 674€ |
| 695 | Boka Stars03213641 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 674€ |
| 696 | Helios Park02707110 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,687€ | — | 1 | 338€ |
| 697 | Zeus Group03659640 · Danilovgrad | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -32,888€ | — | 1 | 562€ |
| 698 | Zumm Group03635538 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,722€ | — | 1 | 675€ |
| 699 | Dorina Montenegro03453057 · Ulcinj | 0.0% | 0€ | -100.0% | -8,170€ | — | 1 | 678€ |
| 700 | Casa Heritage - Lokanda03786854 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -1,508€ | — | 0 | — |