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 701–750 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 meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -6,617€ |
| — |
| 1 |
| 497€ |
| 703 | Monte Hugge03539512 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,358€ | — | 1 | 685€ |
| 704 | Monte Direct03194485 · Gusinje | 0.0% | 0€ | -100.0% | -2,031€ | — | 1 | — |
| 705 | PMT2103372146 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -21,060€ | — | 1 | 920€ |
| 706 | Monte Hospitality03575551 · Budva | 0.0% | 0€ | -100.0% | -4,933€ | — | 2 | — |
| 707 | TCC Company03326853 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,102€ | — | 1 | 674€ |
| 708 | All Time Event03200841 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,690€ | — | 1 | 677€ |
| 709 | Future Co03307387 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,240€ | — | 1 | — |
| 710 | Novi Hills03595552 · Herceg Novi | 0.0% | 0€ | -100.0% | -3,816€ | — | 1 | — |
| 711 | Romanoff02622459 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,476€ | — | 3 | 624€ |
| 712 | Komunica03358194 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,807€ | — | 1 | 564€ |
| 713 | Palma Company02466171 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,018€ | — | 1 | — |
| 714 | Beton Group-Popović02690845 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -74,662€ | — | 1 | 6,222€ |
| 715 | WLB03545792 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,148€ | — | 2 | 387€ |
| 716 | Espirit De Monte02398435 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -69,709€ | — | 1 | 3,020€ |
| 717 | Viking Co02847981 · Bar | 0.0% | 0€ | -100.0% | -8,127€ | — | 1 | 677€ |
| 718 | 8902355230 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,225€ | — | 1 | 1,253€ |
| 719 | Durmitor Hotel and Villas03236706 · Žabljak | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -424,800€ | — | 4 | 1,360€ |
| 720 | Edmundo03125416 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 721 | Eka202203737853 · Budva | 0.0% | 0€ | No filing for 2024. | -5,703€ | — | 1 | 475€ |
| 722 | Elf Global Mne03729320 · Budva | 0.0% | 0€ | No filing for 2024. | -6,845€ | — | 1 | 568€ |
| 723 | Euro 102875799 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 724 | Eva Bright03516172 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -94,591€ | — | 2 | 1,834€ |
| 725 | Eva Mne03645401 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,139€ | — | 1 | 928€ |
| 726 | Eva ZD03717992 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,320€ | — | 1 | 527€ |
| 727 | Evrolux02670488 · Budva | 0.0% | 0€ | -100.0% | -6,804€ | — | 1 | 565€ |
| 728 | FC Peitsch Mne03742539 · Budva | 0.0% | 0€ | No filing for 2024. | -5,879€ | — | 2 | — |
| 729 | Focus Global Mne03712656 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,613€ | — | 1 | 466€ |
| 730 | Fresh Wave03535665 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,795€ | — | 1 | 1,017€ |
| 731 | Gallia03436918 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -30,253€ | — | 1 | — |
| 732 | GCM Corporation03713440 · Budva | 0.0% | 0€ | No filing for 2024. | -4,038€ | — | 1 | 337€ |
| 733 | Glamhill03232948 · Podgorica | 0.0% | 0€ | -100.0% | -65,676€ | — | 2 | 677€ |
| 734 | Glenn Group03727742 · Budva | 0.0% | 0€ | No filing for 2024. | -59,681€ | — | 9 | 535€ |
| 735 | Global Leisure Investments PTY LTD03258955 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,969€ | — | 1 | 339€ |
| 736 | Golden Consulting Group03394093 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,321€ | — | 1 | 984€ |
| 737 | Golden Sand03344509 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,131€ | — | 1 | — |
| 738 | Građevinsko Preduzeće Nukleus03442438 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -60,374€ | — | 1 | 844€ |
| 739 | Gulerinn03625001 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 740 | Gursoy Group03580938 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,227€ | — | 1 | 676€ |
| 741 | Harmonica Montenegro03662357 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,502€ | — | 1 | 678€ |
| 742 | Herakle03470717 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,823€ | — | 1 | — |
| 743 | Highbury Carlton Group03767043 · Budva | 0.0% | 0€ | No filing for 2024. | -4,732€ | — | 1 | 394€ |
| 744 | Hotel Internacional03674711 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -143,786€ | — | 2 | 828€ |
| 745 | Bam Montenegro02850028 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -35,598€ | — | 1 | 339€ |
| 746 | Imperia Troy Hotel Group03054098 · Ulcinj | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 747 | Integral Energy Invest02730570 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,267€ | — | 1 | 677€ |
| 748 | Investment Group Podgorica03281124 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,153€ | — | 1 | 338€ |
| 749 | Jelovica Banja02736543 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,886€ | — | 1 | 369€ |
| 750 | Kaan Enerji Insaat03641708 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,284€ | — | 1 | 675€ |