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 1801–1822 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 filing for 2024. |
| -1,842€ |
| — |
| 1 |
| — |
| 1803 | Teara03586839 · Ulcinj | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1804 | Terracotta03115674 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,120€ | — | 1 | — |
| 1805 | Trog&Co03652955 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,148€ | — | 1 | 678€ |
| 1806 | Tutto Montenegro03362086 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,179€ | — | 1 | — |
| 1807 | Two Coffee03797481 · Budva | 0.0% | 0€ | No filing for 2024. | -1,481€ | — | 1 | — |
| 1808 | Urban Touch03242633 · Bar | 0.0% | 0€ | -100.0% | -9,172€ | — | 1 | 417€ |
| 1809 | Vasnik03148319 · Herceg Novi | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,756€ | — | 1 | — |
| 1810 | Vibes02970406 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,227€ | — | 1 | 431€ |
| 1811 | Vidd Company03268772 · Kotor | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1812 | Viorimar03802655 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -916€ | — | 1 | — |
| 1813 | Vita Leggera03553477 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,616€ | — | 1 | 632€ |
| 1814 | Wang Fu03751147 · Podgorica | 0.0% | 0€ | No filing for 2024. | -2,381€ | — | 1 | — |
| 1815 | YKN Global03788342 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,873€ | — | 0 | — |
| 1816 | Zalogaj Kod Dzoa03804933 · Podgorica | 0.0% | 0€ | No filing for 2024. | -746€ | — | 1 | — |
| 1817 | Zandoni02307707 · Ulcinj | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1818 | Zefferano02734451 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,342€ | — | 1 | 677€ |
| 1819 | Zelena Kuća03167208 · Tivat | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 1820 | Zeneva03778240 · Budva | 0.0% | 0€ | No filing for 2024. | -1,788€ | — | 1 | — |
| 1821 | Zeta Design03594408 · Nikšić | 0.0% | 0€ | -100.0% | -14,491€ | — | 2 | 591€ |
| 1822 | Zone Group03515010 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,276€ | — | 1 | 396€ |