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 1751–1800 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% |
| 0€ |
| — |
| — |
| — |
| 1753 | Latteart03540537 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,276€ | — | 1 | 678€ |
| 1754 | Lebanese Cedar Restaurant03241769 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,270€ | — | 1 | 927€ |
| 1755 | Luka & Hany03254143 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,000€ | — | 1 | 333€ |
| 1756 | Luneto03809919 · Zeta | 0.0% | 0€ | No filing for 2024. | -148€ | — | 1 | — |
| 1757 | Malik Bar03255379 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,078€ | — | 1 | 338€ |
| 1758 | Mare Adriatico02255880 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,401€ | — | 2 | 387€ |
| 1759 | Matreshka03272834 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,184€ | — | 1 | 677€ |
| 1760 | Mauricio03058905 · Podgorica | 0.0% | 0€ | -100.0% | -2,131€ | — | 1 | — |
| 1761 | Me Luxury Chefs03174654 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,698€ | — | 1 | 678€ |
| 1762 | Merveille03469760 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,144€ | — | 1 | 675€ |
| 1763 | Metar Pan03794261 · Budva | 0.0% | 0€ | No filing for 2024. | -407€ | — | 1 | — |
| 1764 | Molloko02883457 · Ulcinj | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1765 | Montefries03579280 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,062€ | — | 1 | 339€ |
| 1766 | Mont Voyage02822814 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -166,743€ | — | 1 | 339€ |
| 1767 | Motela MT Group03791840 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,096€ | — | 1 | — |
| 1768 | Multicort03738370 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -5,294€ | — | 1 | 439€ |
| 1769 | Navi_five03593959 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1770 | NG02950391 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 1771 | Nindžago03206009 · Herceg Novi | 0.0% | 0€ | -100.0% | -8,627€ | — | 1 | — |
| 1772 | Nioi Group03746461 · Budva | 0.0% | 0€ | No filing for 2024. | -5,272€ | — | 1 | 416€ |
| 1773 | Novi Nobilis02957957 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,074€ | — | 1 | 335€ |
| 1774 | Olivia - X-H-C03284719 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,093€ | — | 1 | 339€ |
| 1775 | Onogošt S&S03807754 · Kotor | 0.0% | 0€ | No filing for 2024. | -406€ | — | 1 | — |
| 1776 | Orangeleaf03327825 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,055€ | — | 1 | 928€ |
| 1777 | Meditteran02337134 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -500€ | — | 1 | — |
| 1778 | Owa Solutions03521613 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,187€ | — | 1 | 677€ |
| 1779 | Parkue Company03291910 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,032€ | — | 1 | — |
| 1780 | Perlas02979888 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,813€ | — | 1 | 408€ |
| 1781 | Drum & Putokazi02267519 · Žabljak | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,584€ | — | 1 | 925€ |
| 1782 | Ratnik03401880 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,207€ | — | 1 | 762€ |
| 1783 | Rexha Deluxe Exclusive03279839 · Ulcinj | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1€ | — | 1 | — |
| 1784 | Riva Dona03736482 · Podgorica | 0.0% | 0€ | No filing for 2024. | -88,506€ | — | 1 | 571€ |
| 1785 | Rukbat03577759 · Podgorica | 0.0% | 0€ | -100.0% | -45,008€ | — | 1 | 829€ |
| 1786 | Montenegro 8 Sutomore03565637 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,528€ | — | 1 | — |
| 1787 | S58 Tourism03669815 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,708€ | — | 1 | 538€ |
| 1788 | S & A Company03484165 · Ulcinj | 0.0% | 0€ | -100.0% | -5,454€ | — | 1 | 338€ |
| 1789 | S&Đ Company03226735 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,193€ | — | 1 | 393€ |
| 1790 | Selene03584607 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 1791 | Sette02928957 · Budva | 0.0% | 0€ | -100.0% | -13,334€ | — | 1 | 410€ |
| 1792 | Sharlotteria03549119 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -154€ | — | 1 | — |
| 1793 | Slatki Slanutak03779211 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,168€ | — | 0 | — |
| 1794 | Smile Coffee03785653 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,120€ | — | 1 | — |
| 1795 | Snowflake Coffe03518604 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,035€ | — | 1 | — |
| 1796 | Šta03641139 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -19,604€ | — | 3 | 530€ |
| 1797 | Stocco Company03587835 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,139€ | — | 1 | 678€ |
| 1798 | Streltsov Company03526704 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,088€ | — | 1 | 675€ |
| 1799 | Summer Lux03600947 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,563€ | — | 2 | — |
| 1800 | Super Snacks03661717 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,485€ | — | 1 | — |