Revenue
36.1% of sector revenue
1,822 companies earned 462.55m€ in 2025, 36.1% of Hospitality sector revenue. Revenue has grown 6.0× since 2015.
36.1% of sector revenue
551 with at most one employee
Largest employer: Panevivo (286)
Median company 1.1% · 45% 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 1601–1650 of 1,822
* 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 →
Totals include 174 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 | 76,589,621€ | 661 |
| 2016 | 90,691,225€ | 770 |
| 2017 | 110,033,852€ | 886 |
| 2018 | 117,046,919€ | 1,003 |
| 2019 | 139,481,699€ | 1,111 |
| 2020 | 87,527,626€ | 1,217 |
| 2021 | 178,116,236€ | 1,326 |
| 2022 | 278,132,866€ | 1,495 |
| 2023 | 365,111,481€ | 1,723 |
| 2024 | 406,911,791€ | 1,840 |
| 2025 (Preliminary) | 462,546,922€ | 1,822 |
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. |
| -2,035€ |
| — |
| 1 |
| — |
| 1603 | Prostor Inovacija i Razvoja03612805 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,919€ | — | 1 | 922€ |
| 1604 | Raika03766551 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,106€ | — | 1 | — |
| 1605 | Randy Group03486508 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 1606 | Rodni Dom03771270 · Budva | 0.0% | 0€ | No filing for 2024. | 0€ | — | — | — |
| 1607 | Roši03744965 · Budva | 0.0% | 0€ | No filing for 2024. | -1,526€ | — | 1 | — |
| 1608 | Rozana02404923 · Tuzi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1609 | Rui Rong03239942 · Tivat | 0.0% | 0€ | -100.0% | -27,645€ | — | 2 | 675€ |
| 1610 | Sak Global03627306 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,122€ | — | 1 | 677€ |
| 1611 | Sansy Global03515966 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -220€ | — | 1 | — |
| 1612 | Savenkov&Co03571742 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1613 | Šćepan RDB03385868 · Herceg Novi | 0.0% | 0€ | -100.0% | -20,437€ | — | 3 | 533€ |
| 1614 | SD Dizdarević03767337 · Bijelo Polje | 0.0% | 0€ | No filing for 2024. | -6,364€ | — | 1 | 478€ |
| 1615 | Shaks03626920 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,111€ | — | 1 | — |
| 1616 | Shams Al Sham Restaurant03413527 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1617 | Shanata03594394 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,344€ | — | 1 | 678€ |
| 1618 | Silver Mist03503534 · Podgorica | 0.0% | 0€ | -100.0% | -1,857€ | — | 1 | — |
| 1619 | Sitiv03751236 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,832€ | — | 1 | — |
| 1620 | Soul Food03675092 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,941€ | — | 1 | — |
| 1621 | South of Blue03801390 · Budva | 0.0% | 0€ | No filing for 2024. | -533€ | — | — | — |
| 1622 | Stara Kubura03593045 · Budva | 0.0% | 0€ | -100.0% | -8,364€ | — | 1 | 675€ |
| 1623 | Sun Montenegro03555399 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 1624 | Sunrise Mne03459357 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,164€ | — | 1 | 926€ |
| 1625 | Sushico Montenegro03705765 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -88,869€ | — | 1 | 1,220€ |
| 1626 | Susloff.Me03351548 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,611€ | — | 1 | 675€ |
| 1627 | Svijet Hrane03167194 · Herceg Novi | 0.0% | 0€ | -100.0% | -1,576€ | — | — | — |
| 1628 | Syrena Mne03538206 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,112€ | — | 1 | 676€ |
| 1629 | Taro Concept03807967 · Podgorica | 0.0% | 0€ | No filing for 2024. | -339€ | — | 1 | — |
| 1630 | Thalia Restaurants03044688 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,031€ | — | 1 | — |
| 1631 | The Orbs03704009 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,100€ | — | 1 | 675€ |
| 1632 | Tifran Komerc02797178 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 1633 | Tikki Sandy Beach03778851 · Podgorica | 0.0% | 0€ | No filing for 2024. | -903€ | — | 1 | — |
| 1634 | Tiramola03802876 · Budva | 0.0% | 0€ | No filing for 2024. | -925€ | — | 1 | — |
| 1635 | Togliatti Family03715515 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,286€ | — | 1 | 927€ |
| 1636 | Toki Company03498930 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1637 | Toptip03675190 · Podgorica | 0.0% | 0€ | -100.0% | -4,841€ | — | 1 | 345€ |
| 1638 | Trebol03690407 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -165€ | — | 1 | — |
| 1639 | Trio Unico03431088 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1640 | TSK Construction03763781 · Podgorica | 0.0% | 0€ | No filing for 2024. | -7,338€ | — | 0 | — |
| 1641 | Tulip03076300 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -20,001€ | — | 1 | 677€ |
| 1642 | Unfold03297268 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,445€ | — | 1 | 677€ |
| 1643 | Uras CNR03575098 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,036€ | — | 1 | — |
| 1644 | Valdanos Z&M03551687 · Ulcinj | 0.0% | 0€ | -100.0% | -16,178€ | — | 1 | 685€ |
| 1645 | Vavi Montenegro03555437 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,143€ | — | 1 | 670€ |
| 1646 | V Company Montenegro03599779 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 1647 | Vero Company03756173 · Ulcinj | 0.0% | 0€ | No filing for 2024. | -5,336€ | — | 1 | 445€ |
| 1648 | Vice03730417 · Budva | 0.0% | 0€ | No filing for 2024. | -1€ | — | — | — |
| 1649 | Vidula03712222 · Podgorica | 0.0% | 0€ | No filing for 2024. | -7,907€ | — | 1 | 657€ |
| 1650 | Vip Services03113833 · Budva | 0.0% | 0€ | -100.0% | -4,893€ | — | 1 | 397€ |