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 301–350 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% |
| 393,893€ |
| -1.8% |
| 6,821€ |
| 1.7% |
| 9 |
| 1,394€ |
| 303 | Bistro R02985594 · Budva | <0.1% | 390,782€ | +8.0% | -42,409€ | -10.9% | 5 | 2,178€ |
| 304 | Wolfmoon03666590 · Herceg Novi | <0.1% | 390,431€ | +169.7% | -10,869€ | -2.8% | 8 | 921€ |
| 305 | La Finca03187292 · Podgorica | <0.1% | 389,905€ | +14.0% | 66,351€ | 17.0% | 11 | 777€ |
| 306 | Sofka 1103331555 · Herceg Novi | <0.1% | 388,048€ | +15.4% | -1,318€ | -0.3% | 15 | 651€ |
| 307 | Durmitor-Mne03180727 · Bijelo Polje | <0.1% | 386,198€ | +2.0% | 7,385€ | 1.9% | 9 | 986€ |
| 308 | Peak03737926 · Budva | <0.1% | 381,434€ | No filing for 2024. | 9,769€ | 2.6% | 6 | 2,169€ |
| 309 | Buena03406407 · Ulcinj | <0.1% | 381,187€ | +11.2% | 3,069€ | 0.8% | 5 | 1,000€ |
| 310 | Marinero Trade02665492 · Tivat | <0.1% | 379,486€ | -7.6% | -23,814€ | -6.3% | 14 | 810€ |
| 311 | Popov03414400 · Podgorica | <0.1% | 379,236€ | +4.7% | 71,182€ | 18.8% | 10 | 1,017€ |
| 312 | T.F. Group03032264 · Budva | <0.1% | 379,089€ | +2.8% | 31,798€ | 8.4% | 9 | 1,014€ |
| 313 | Mogren Company03044823 · Budva | <0.1% | 376,582€ | +33.1% | 66,556€ | 17.7% | 4 | 1,176€ |
| 314 | Company L.I.J. Bushati02929651 · Ulcinj | <0.1% | 372,231€ | +7.9% | 23,463€ | 6.3% | 3 | 838€ |
| 315 | Fresh Drive03669238 · Podgorica | <0.1% | 369,033€ | +687.2% | 55,087€ | 14.9% | 10 | 1,137€ |
| 316 | Plavnica02801132 · Podgorica | <0.1% | 368,433€ | -8.9% | -719€ | -0.2% | 6 | 1,410€ |
| 317 | L3 Montenegro03637875 · Bar | <0.1% | 367,358€ | +2,661.3% | -97,299€ | -26.5% | 13 | 1,259€ |
| 318 | Izvor Kod Petrovića02167921 · Bar | <0.1% | 366,520€ | +10.2% | 9,890€ | 2.7% | 14 | 711€ |
| 319 | Tapateo03458482 · Podgorica | <0.1% | 366,305€ | +15.0% | -81,029€ | -22.1% | 9 | 1,380€ |
| 320 | Sofija-K03048411 · Herceg Novi | <0.1% | 365,069€ | +22.8% | -287,370€ | -78.7% | 17 | 431€ |
| 321 | Teatro BD03568750 · Budva | <0.1% | 363,720€ | -0.7% | 17,984€ | 4.9% | 3 | 1,346€ |
| 322 | Trpeza Club02986302 · Kotor | <0.1% | 362,698€ | +36.0% | 107,502€ | 29.6% | 6 | 821€ |
| 323 | Prvi Maj03412059 · Budva | <0.1% | 362,637€ | +2.4% | 37,834€ | 10.4% | 5 | 1,930€ |
| 324 | Kasablanka02326183 · Budva | <0.1% | 360,819€ | +6.6% | 36,706€ | 10.2% | 10 | 710€ |
| 325 | Third Element03407977 · Kotor | <0.1% | 359,694€ | -16.0% | 91,112€ | 25.3% | 9 | 990€ |
| 326 | Lucky Burger03666735 · Budva | <0.1% | 358,350€ | +225.8% | 13,274€ | 3.7% | 5 | 1,158€ |
| 327 | Asian Taste03401189 · Podgorica | <0.1% | 358,151€ | -37.9% | -45,933€ | -12.8% | 9 | 679€ |
| 328 | Mediamar03214168 · Bar | <0.1% | 357,083€ | +12.0% | -1,536€ | -0.4% | 9 | 1,105€ |
| 329 | Pržun03115232 · Kotor | <0.1% | 356,669€ | -3.7% | 38,944€ | 10.9% | 6 | 703€ |
| 330 | Innovasense03276490 · Kotor | <0.1% | 356,520€ | +15.5% | 86,384€ | 24.2% | 4 | 894€ |
| 331 | Solila03733700 · Tivat | <0.1% | 354,282€ | No filing for 2024. | 10,007€ | 2.8% | 5 | 892€ |
| 332 | LR02999986 · Danilovgrad | <0.1% | 354,057€ | +75.5% | 67,909€ | 19.2% | 6 | 867€ |
| 333 | Tabas & Co03411168 · Podgorica | <0.1% | 353,159€ | +13.7% | 8,856€ | 2.5% | 11 | 635€ |
| 334 | Mant Company03069524 · Podgorica | <0.1% | 352,599€ | +173.5% | 44,858€ | 12.7% | 8 | 696€ |
| 335 | Triglia03261492 · Budva | <0.1% | 351,702€ | -6.9% | 4,129€ | 1.2% | 8 | 723€ |
| 336 | V.N Company03426360 · Bar | <0.1% | 351,412€ | +7.6% | -7,331€ | -2.1% | 5 | 643€ |
| 337 | Kridzoni Company03668266 · Kotor | <0.1% | 351,209€ | +71.2% | 101,480€ | 28.9% | 4 | 1,661€ |
| 338 | Čokolatino02806819 · Kotor | <0.1% | 350,601€ | -22.1% | 10,713€ | 3.1% | 11 | 930€ |
| 339 | Manjana03540324 · Budva | <0.1% | 349,455€ | -3.5% | 13,624€ | 3.9% | 7 | 1,189€ |
| 340 | MVTĐ Company03733521 · Podgorica | <0.1% | 348,031€ | No filing for 2024. | 12,465€ | 3.6% | 9 | 756€ |
| 341 | Lanmico03121526 · Herceg Novi | <0.1% | 348,011€ | +4.3% | 40,407€ | 11.6% | 3 | 4,378€ |
| 342 | Slama Sutomore03428907 · Bar | <0.1% | 347,721€ | +22.0% | 97,267€ | 28.0% | 4 | 509€ |
| 343 | Artip Company02242630 · Podgorica | <0.1% | 347,674€ | +19.6% | 37,605€ | 10.8% | 4 | 653€ |
| 344 | Nin02383870 · Kotor | <0.1% | 346,261€ | +8.2% | -45,939€ | -13.3% | 10 | 1,639€ |
| 345 | Ražnatović02055791 · Podgorica | <0.1% | 345,106€ | +4.4% | 105,931€ | 30.7% | 8 | 610€ |
| 346 | Bulatović Company02687526 · Podgorica | <0.1% | 343,232€ | +10.6% | 42,015€ | 12.2% | 9 | 701€ |
| 347 | Torpedo MD03427781 · Budva | <0.1% | 341,580€ | +19.4% | 48,959€ | 14.3% | 10 | 520€ |
| 348 | RM-Com03108171 · Danilovgrad | <0.1% | 341,153€ | +25.1% | 6,888€ | 2.0% | 8 | 597€ |
| 349 | Šebelj02370204 · Budva | <0.1% | 340,758€ | -30.6% | -32,785€ | -9.6% | 10 | 1,024€ |
| 350 | V i B02047217 · Herceg Novi | <0.1% | 338,042€ | +42.0% | 17,555€ | 5.2% | 8 | 951€ |