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 151–200 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*
0.1% |
| 674,125€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| 255,818€ |
| 37.9% |
| 12 |
| 559€ |
| 153 | Marylebone03648761 · Podgorica | 0.1% | 673,343€ | +899.8% | -150,455€ | -22.3% | 14 | 2,269€ |
| 154 | Grifone International02777983 · Herceg Novi | 0.1% | 670,665€ | +0.5% | -14,866€ | -2.2% | 25 | 943€ |
| 155 | Nero's02688379 · Podgorica | 0.1% | 667,458€ | -13.1% | 50,773€ | 7.6% | 9 | 1,982€ |
| 156 | Marsenić02642956 · Kotor | 0.1% | 664,863€ | -1.9% | 26,073€ | 3.9% | 17 | 1,026€ |
| 157 | Corleone02855755 · Tivat | 0.1% | 662,617€ | +0.6% | 224,881€ | 33.9% | 7 | 854€ |
| 158 | Hugo03124070 · Podgorica | 0.1% | 658,242€ | -8.1% | 53,853€ | 8.2% | 13 | 1,164€ |
| 159 | Speedy Pizza02976935 · Podgorica | 0.1% | 652,418€ | +3.5% | 9,734€ | 1.5% | 11 | 873€ |
| 160 | Studio 198503498778 · Berane | 0.1% | 648,398€ | +37.2% | 80,264€ | 12.4% | 20 | 876€ |
| 161 | O'salivan03210944 · Budva | 0.1% | 648,319€ | -21.5% | 144,666€ | 22.3% | 9 | 812€ |
| 162 | Olimpia R02427044 · Budva | 0.1% | 647,192€ | -6.4% | -24,725€ | -3.8% | 21 | 987€ |
| 163 | Coral Beach03176584 · Ulcinj | 0.1% | 646,897€ | -2.6% | -59,805€ | -9.2% | 12 | 1,151€ |
| 164 | Sofi Cafe03553078 · Tivat | 0.1% | 644,805€ | +83.6% | 130,375€ | 20.2% | 14 | 912€ |
| 165 | Vukšić Group02857715 · Kotor | 0.1% | 634,996€ | +2.5% | 158,972€ | 25.0% | 12 | 871€ |
| 166 | Coffee 6003509621 · Podgorica | 0.1% | 633,968€ | -0.2% | -2,439€ | -0.4% | 20 | 678€ |
| 167 | Ank 198003267806 · Kotor | 0.1% | 630,878€ | +15.5% | 83,962€ | 13.3% | 9 | 1,097€ |
| 168 | Sherpas03361969 · Kolašin | 0.1% | 626,938€ | +27.0% | 14,416€ | 2.3% | 15 | 1,257€ |
| 169 | Zim Marić02307626 · Podgorica | 0.1% | 623,683€ | +13.0% | -29,491€ | -4.7% | 18 | 1,030€ |
| 170 | Desiderata03365883 · Podgorica | 0.1% | 611,620€ | +17.3% | 3,654€ | 0.6% | 13 | 1,462€ |
| 171 | Planet Plus03078272 · Bar | 0.1% | 608,550€ | +24.8% | 77,934€ | 12.8% | 6 | 816€ |
| 172 | Montenegro Hospitality Group03066614 · Tivat | 0.1% | 606,856€ | -15.5% | -281,732€ | -46.4% | 18 | 1,678€ |
| 173 | Dalla Nonna03151115 · Podgorica | 0.1% | 606,435€ | +7.0% | 4,960€ | 0.8% | 15 | 963€ |
| 174 | M-Nova Company03315673 · Bar | 0.1% | 606,047€ | +36.1% | 155,521€ | 25.7% | 11 | 800€ |
| 175 | Mia Toscana03096122 · Podgorica | 0.1% | 603,538€ | +0.3% | 8,062€ | 1.3% | 14 | 1,226€ |
| 176 | Manipe03450821 · Nikšić | 0.1% | 602,892€ | +28.3% | 28,321€ | 4.7% | 17 | 886€ |
| 177 | Zheng He03621766 · Podgorica | 0.1% | 596,515€ | +498.7% | -18,504€ | -3.1% | 18 | 1,225€ |
| 178 | Daj Group02983630 · Tivat | 0.1% | 593,269€ | -6.8% | 9,482€ | 1.6% | 12 | 1,001€ |
| 179 | European International Restaurants and Catering03340929 · Tivat | 0.1% | 592,938€ | +10.2% | -226,493€ | -38.2% | 12 | 1,021€ |
| 180 | Uvm Company03411338 · Tivat | 0.1% | 592,014€ | +35.5% | 48,294€ | 8.2% | 15 | 1,138€ |
| 181 | Food Concept Solutions03223132 · Herceg Novi | 0.1% | 591,148€ | +32.8% | 15,004€ | 2.5% | 21 | 602€ |
| 182 | Shambhala03271641 · Žabljak | 0.1% | 589,306€ | +30.7% | 104,943€ | 17.8% | 15 | 1,257€ |
| 183 | Roma 201102839954 · Kotor | 0.1% | 588,546€ | +23.0% | 84,319€ | 14.3% | 6 | 1,576€ |
| 184 | Central Park02867222 · Bar | 0.1% | 587,827€ | +2.6% | -16,431€ | -2.8% | 9 | 1,401€ |
| 185 | Doli Commerc03361403 · Budva | 0.1% | 585,661€ | -11.2% | 130,735€ | 22.3% | 3 | 2,012€ |
| 186 | Elitemontenegro03037177 · Berane | 0.1% | 582,031€ | -1.6% | 49,565€ | 8.5% | 9 | 1,999€ |
| 187 | Basman Group03497046 · Budva | 0.1% | 581,527€ | +0.4% | 70,118€ | 12.1% | 11 | 1,209€ |
| 188 | Goš03146138 · Podgorica | 0.1% | 580,959€ | +10.4% | 3,353€ | 0.6% | 13 | 606€ |
| 189 | Ara Nikšić03182851 · Herceg Novi | 0.1% | 580,677€ | -5.2% | 11,753€ | 2.0% | 18 | 1,109€ |
| 190 | TG Dvorište03642755 · Podgorica | 0.1% | 580,509€ | +63.9% | 98,824€ | 17.0% | 6 | 3,268€ |
| 191 | Janović02269961 · Kotor | 0.1% | 577,652€ | +18.3% | 24,491€ | 4.2% | 12 | 1,181€ |
| 192 | Obradović - Brgija i Ortaci02332345 · Herceg Novi | 0.1% | 569,546€ | +10.0% | 99,429€ | 17.5% | 12 | 891€ |
| 193 | White Wave02700905 · Kolašin | 0.1% | 568,281€ | -5.3% | 999€ | 0.2% | 24 | 661€ |
| 194 | Drago - Sveti Stefan03092518 · Budva | 0.1% | 566,947€ | -5.3% | 93,999€ | 16.6% | 7 | 1,647€ |
| 195 | DD&KA03529100 · Bar | 0.1% | 564,010€ | +90.6% | 60,010€ | 10.6% | 13 | 1,353€ |
| 196 | LB Leisure Facilities Management03626121 · Tivat | 0.1% | 563,629€ | +384.2% | -258,039€ | -45.8% | 20 | 2,168€ |
| 197 | SD Team03502805 · Podgorica | 0.1% | 563,462€ | +103.4% | 4,677€ | 0.8% | 3 | 3,252€ |
| 198 | Konaleto03121763 · Kotor | 0.1% | 562,748€ | +22.7% | 165,820€ | 29.5% | 12 | 785€ |
| 199 | Sole Mio Group03544346 · Budva | 0.1% | 559,241€ | -13.8% | 64,620€ | 11.6% | 8 | 1,419€ |
| 200 | Vaspav03078302 · Podgorica | 0.1% | 557,869€ | -10.9% | 23,269€ | 4.2% | 12 | 646€ |