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 1701–1750 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€ |
| -100.0% |
| -7,273€ |
| — |
| 1 |
| 591€ |
| 1703 | Varadero02428130 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 1704 | Cesare02932482 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,070€ | — | 1 | 339€ |
| 1705 | Kalardovo Plus02786630 · Tivat | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1706 | Pejanović02974908 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,252€ | — | 1 | 677€ |
| 1707 | Katun Grbovića03550117 · Šavnik | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1708 | NMG Company03788652 · Nikšić | 0.0% | 0€ | No filing for 2024. | -2,374€ | — | 0 | — |
| 1709 | Stari Nikšić03111059 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,966€ | — | 1 | 664€ |
| 1710 | 14 Maj03139140 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1711 | Group Tour02405768 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -35,462€ | — | 2 | 510€ |
| 1712 | JD - Privrednik02801124 · Plužine | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,250€ | — | 1 | — |
| 1713 | Asmia Plus03548546 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1714 | Bay Leaf03542700 · Herceg Novi | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1715 | Diamond Group03310655 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,250€ | — | 1 | 677€ |
| 1716 | SKY Food03520706 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,871€ | — | 1 | 670€ |
| 1717 | White Peppers03478688 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -17,343€ | — | 2 | 661€ |
| 1718 | Idomia03107108 · Kotor | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,101€ | — | 1 | 675€ |
| 1719 | Drži Prži03799271 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,244€ | — | 1 | — |
| 1720 | D.S.G.03127486 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9€ | — | 1 | — |
| 1721 | Duga Rima03230287 · Budva | 0.0% | 0€ | -100.0% | -11,745€ | — | 1 | 922€ |
| 1722 | Eđrin Group03727807 · Bar | 0.0% | 0€ | No filing for 2024. | -8,129€ | — | 1 | 677€ |
| 1723 | Efe03702022 · Budva | 0.0% | 0€ | No filing for 2024. | -7,630€ | — | 1 | 634€ |
| 1724 | Elif Umay03752143 · Budva | 0.0% | 0€ | No filing for 2024. | -4,078€ | — | 1 | 362€ |
| 1725 | Emel Tanerler Mne03645444 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,149€ | — | 1 | 677€ |
| 1726 | Eos Tuna03731936 · Budva | 0.0% | 0€ | No filing for 2024. | -5,642€ | — | 1 | 470€ |
| 1727 | Epilog03808831 · Bar | 0.0% | 0€ | No filing for 2024. | -248€ | — | 1 | — |
| 1728 | Farine03628787 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,838€ | — | 1 | 453€ |
| 1729 | Fast Food Debelić03787397 · Podgorica | 0.0% | 0€ | No filing for 2024. | -782€ | — | 0 | — |
| 1730 | Fof- Rađenović02123746 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -39€ | — | — | — |
| 1731 | Foka Group03674746 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,144€ | — | 1 | 595€ |
| 1732 | Future Idea03609081 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1733 | Gandalf Food03318508 · Podgorica | 0.0% | 0€ | -100.0% | -3,441€ | — | 1 | — |
| 1734 | Gattina02889315 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,433€ | — | 1 | 555€ |
| 1735 | Gift For Mirai03397424 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 1736 | Giv Company03171701 · Budva | 0.0% | 0€ | -100.0% | -4,061€ | — | 1 | 338€ |
| 1737 | Guner Global03683532 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,941€ | — | 2 | 620€ |
| 1738 | Hera Cafe Turizm03447995 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 675€ |
| 1739 | Hollegro Tours02789256 · Ulcinj | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1740 | Ibrahim Kerem Group Mne03401804 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,018€ | — | 1 | 675€ |
| 1741 | Ik Tourism03632555 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1742 | Il Ravenite Uno03799263 · Podgorica | 0.0% | 0€ | No filing for 2024. | -339€ | — | 1 | — |
| 1743 | Interstellaramne03765113 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -6,635€ | — | 1 | 460€ |
| 1744 | Jaaz03353125 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1745 | Jedite Kod Mene03718204 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,123€ | — | 1 | 677€ |
| 1746 | JM Mne03303314 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,715€ | — | 1 | 558€ |
| 1747 | Još Jednom03300269 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,184€ | — | 1 | 1,015€ |
| 1748 | Kalantar Group03783740 · Bar | 0.0% | 0€ | No filing for 2024. | -1,908€ | — | 1 | — |
| 1749 | Kavlak´s03693899 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -6,382€ | — | 0 | — |
| 1750 | Kemo&Keša03365751 · Rožaje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |