| 1 | Kompas Montenegro02321688 | Budva | 27 | 20,432,879€ | 481,663€ |
| 2 | PM Hotels02790220 | Tivat | 186 | 11,321,219€ | 224,433€ |
| 3 | Grand02406535 | Podgorica | 23 | 5,310,029€ | 131,398€ |
| 4 | Miross02274086 | Podgorica | 10 | 3,680,163€ | 20,182€ |
| 5 | Nacionalna Turistička Organizacija Crne Gore02242508 | Podgorica | 31 | 3,569,605€ | 142,991€ |
| 6 | Adriatic Concierge Montenegro03142574 | Podgorica | 1 | 3,500,196€ | 236,242€ |
| 7 | Globus Tours02804069 | Podgorica | 10 | 3,349,569€ | 304,901€ |
| 8 | Rekra02368765 | Podgorica | 4 | 3,116,155€ | 10,126€ |
| 9 | Oki Air Travel02875632 | Podgorica | 5 | 2,517,915€ | 37,084€ |
| 10 | Globetracker03366553 | Podgorica | 2 | 2,493,631€ | 97,914€ |
| 11 | Gallileo02349795 | Podgorica | 6 | 2,370,374€ | 39,744€ |
| 12 | Explorer02443112 | Kolašin | 54 | 2,316,391€ | 3,419€ |
| 13 | Congress Travel02673053 | Podgorica | 33 | 1,965,583€ | 218,085€ |
| 14 | Bta02410966 | Budva | 4 | 1,963,633€ | 9,681€ |
| 15 | Marco Polo Travel Agency02920905 | Podgorica | 11 | 1,954,160€ | 46,619€ |
| 16 | Kon Tiki Travel03139557 | — | 2 | 1,797,230€ | 39,682€ |
| 17 | Southern Star03693651 | Podgorica | 1 | 1,797,043€ | 266,161€ |
| 18 | Inrut02456656 | Podgorica | 8 | 1,755,131€ | 126,477€ |
| 19 | Zinza03327230 | — | 2 | 1,556,371€ | 36,546€ |
| 20 | Marla Travel02769204 | Podgorica | 2 | 1,184,872€ | 40,747€ |
| 21 | Kotor Shuttle03669017 | Kotor | 6 | 1,102,781€ | 124,634€ |
| 22 | Sip02116421 | Tivat | 6 | 940,321€ | 25,409€ |
| 23 | Montenegro Concierge DMC03340449 | Tivat | 12 | 917,547€ | 290,317€ |
| 24 | Talas-M02327023 | Budva | 17 | 888,389€ | 640,288€ |
| 25 | Elite Events03042146 | Podgorica | 3 | 882,912€ | 4,240€ |
| 26 | Travel Twitch DMC03483029 | Bar | 4 | 846,170€ | 12,780€ |
| 27 | Magellan Travel Agency03105199 | Podgorica | 2 | 771,369€ | 11,330€ |
| 28 | SKY Tours Montenegro02452502 | Nikšić | 1 | 723,011€ | 5,566€ |
| 29 | Dsa02631393 | Budva | 5 | 624,203€ | 1,223€ |
| 30 | Jet Travel02868814 | Podgorica | 3 | 608,311€ | -32,644€ |
| 31 | Guliver02904870 | Podgorica | 3 | 604,305€ | -12,093€ |
| 32 | North Tour Montenegro03175871 | Kolašin | 4 | 581,993€ | 57,924€ |
| 33 | Hayat Travel03291316 | Bar | 2 | 564,134€ | 64,258€ |
| 34 | Cosmopolitan DMC03288463 | Podgorica | 2 | 555,617€ | 37,962€ |
| 35 | Arka02372363 | Nikšić | 2 | 555,264€ | 1,495€ |
| 36 | Meridian DMC02707047 | Kotor | 8 | 499,180€ | 3,310€ |
| 37 | Putnik San-Tours17618032 | Bijelo Polje | 1 | 491,321€ | 1,672€ |
| 38 | Intours Plus Turistička Agencija02761394 | Podgorica | 1 | 487,810€ | 667€ |
| 39 | Odigitrija02287005 | Budva | 6 | 484,807€ | 11,276€ |
| 40 | Vipturs02760819 | Budva | 2 | 473,389€ | 386€ |
| 41 | Sap02983265 | Nikšić | 3 | 471,951€ | 2,332€ |
| 42 | Ufo Club03482073 | Bar | 3 | 456,459€ | 14,286€ |
| 43 | Venn Tour03149609 | Podgorica | 21 | 450,147€ | 12,836€ |
| 44 | Ostojić Company02709988 | Pljevlja | 14 | 436,804€ | 44,493€ |
| 45 | Putnik Gold02349418 | Bar | 1 | 434,466€ | 4,324€ |
| 46 | 3007 Travel Solutions03646092 | Kotor | 2 | 429,705€ | -382,133€ |
| 47 | Stamena02992876 | Herceg Novi | 7 | 423,467€ | 4,006€ |
| 48 | Crna Gora Tours02960591 | Budva | 2 | 387,100€ | 7,400€ |
| 49 | Montenegroflight02432994 | Budva | 8 | 378,535€ | 103€ |
| 50 | Happy Land03120953 | Budva | 2 | 343,145€ | 7,827€ |
| 51 | Llolla Company02325705 | — | 5 | 326,141€ | 74,450€ |
| 52 | Montenegro Shorex02964210 | Kotor | 8 | 308,063€ | 31,969€ |
| 53 | Mappamondo02672561 | Podgorica | 6 | 305,394€ | 42,874€ |
| 54 | SL02979896 | Bar | 1 | 301,540€ | 1,547€ |
| 55 | Balkan Montenegro Travel03573362 | Budva | 1 | 287,402€ | 1,107€ |
| 56 | Fanfani02103834 | — | 12 | 285,254€ | -44,908€ |
| 57 | Soko Tours02918897 | Herceg Novi | 1 | 284,204€ | -114€ |
| 58 | Voyager Au Montenegro03170080 | Zeta | 1 | 282,271€ | 7,830€ |
| 59 | Nord Star02794322 | Podgorica | 7 | 276,005€ | 6,125€ |
| 60 | Inter Travel Club02404362 | Podgorica | 6 | 272,364€ | 71,958€ |
| 61 | Mac Sun D.M.C. Montenegro03302539 | Budva | 10 | 259,191€ | 1,058€ |
| 62 | Adria Line02932156 | Budva | 1 | 247,115€ | 3,568€ |
| 63 | International Travel & Lifestyle Service03566625 | Herceg Novi | 2 | 236,805€ | 139,711€ |
| 64 | ML Travel03107248 | Tuzi | 1 | 228,025€ | 692€ |
| 65 | CKM International03556557 | Podgorica | 1 | 215,787€ | 22,033€ |
| 66 | Kotor Mar02416123 | Kotor | 2 | 210,223€ | 69,433€ |
| 67 | P & H02663376 | Tuzi | 1 | 202,087€ | -2,583€ |
| 68 | Prestige Travel03250563 | Nikšić | 4 | 191,917€ | -17,978€ |
| 69 | Kotour Travel Agency03120775 | Kotor | 3 | 189,336€ | 47,590€ |
| 70 | Piloninternational02379511 | Budva | 4 | 185,839€ | 88,542€ |
| 71 | Beatrix Group03406989 | Budva | 3 | 181,644€ | 17,969€ |
| 72 | Euro Tours02936992 | Podgorica | 1 | 176,002€ | 15,412€ |
| 73 | Travel To Montenegro03634531 | Podgorica | 3 | 170,086€ | -6,163€ |
| 74 | Feel Free Travel03205932 | — | 1 | 166,851€ | 6,800€ |
| 75 | Atlas - Tours02420694 | Podgorica | 6 | 166,472€ | 51,616€ |
| 76 | ZNF Montenegro03101410 | Budva | 5 | 164,482€ | -11,256€ |
| 77 | Premier JŠ03461963 | Berane | 6 | 163,475€ | 10,682€ |
| 78 | Mont Mar03239403 | — | 1 | 157,002€ | 11,356€ |
| 79 | Aga Tours02625580 | Ulcinj | — | 147,623€ | 2,465€ |
| 80 | Levantin02048825 | — | 2 | 140,952€ | -3,765€ |
| 81 | Marinero 103035956 | Bar | 2 | 139,712€ | 2,321€ |
| 82 | Demetra Tours02751399 | Podgorica | 2 | 123,686€ | 5,678€ |
| 83 | Team Travel02977753 | Kotor | 3 | 116,370€ | -45€ |
| 84 | Montenegro Pepe02819724 | Cetinje | 3 | 107,725€ | 486€ |
| 85 | Doclea Travel & Tours03161536 | Podgorica | 2 | 106,438€ | -1,345€ |
| 86 | Montenegro Adventures02620693 | Podgorica | 4 | 105,800€ | 6,074€ |
| 87 | Aydin Tourism03365107 | — | 11 | 103,113€ | -10,339€ |
| 88 | Travel Point Montenegro03137384 | Podgorica | 1 | 101,480€ | 15,613€ |
| 89 | Montenegro Hostel02756382 | Budva | 2 | 97,693€ | -5,547€ |
| 90 | Klik-Tour & Ivanco Travel02908328 | Bar | 2 | 92,605€ | 1,197€ |
| 91 | Boka Sun02426161 | Herceg Novi | 6 | 89,958€ | 14,704€ |
| 92 | 2R Travel02818574 | Podgorica | 4 | 86,986€ | 10,044€ |
| 93 | Sport Turist Mne03044289 | Kolašin | 6 | 86,921€ | -12,749€ |
| 94 | Iva - Travel03027465 | Tuzi | 1 | 85,786€ | -2,075€ |
| 95 | Congress Support Team02942020 | Podgorica | 2 | 85,408€ | 3,380€ |
| 96 | Elite Montenegro03036863 | Kotor | 1 | 85,139€ | 6,312€ |
| 97 | Balkan Vacation As03708772 | Podgorica | — | 84,827€ | -10,704€ |
| 98 | Lampadari02340666 | Ulcinj | 2 | 74,841€ | -14,233€ |
| 99 | Prosvjeta02737884 | Podgorica | 2 | 72,121€ | 19,047€ |
| 100 | Visit Mne03146308 | Podgorica | 2 | 62,562€ | -28,135€ |
| 101 | Atlas Travel03296849 | Budva | 3 | 61,455€ | -71,189€ |
| 102 | Doxa-M03231364 | Herceg Novi | 3 | 61,103€ | 1,211€ |
| 103 | Draga Gora02986264 | Tivat | 3 | 59,594€ | -3,510€ |
| 104 | Victoria Royal Group02829819 | Budva | 1 | 59,140€ | 10,371€ |
| 105 | Trip & Travel Montenegro03172457 | Podgorica | 1 | 56,557€ | 5,575€ |
| 106 | Discover Montenegro02983567 | Tivat | — | 51,239€ | 43,654€ |
| 107 | Balkan Star Travel03511499 | Podgorica | 1 | 51,079€ | 162€ |
| 108 | Aurora Travel03002594 | Podgorica | 1 | 50,382€ | -4,401€ |
| 109 | MCM02767023 | Ulcinj | 4 | 50,314€ | 2,232€ |
| 110 | Road Trip Montenegro03245985 | Herceg Novi | 5 | 50,182€ | -21,762€ |
| 111 | Thunder Travel Service03305155 | Podgorica | 1 | 48,100€ | 3,172€ |
| 112 | Terranautika03186547 | Tivat | 2 | 47,811€ | -19,627€ |
| 113 | Next Travel03227774 | Bar | 1 | 45,079€ | 3,383€ |
| 114 | Amfora Risan03049922 | Kotor | 1 | 42,669€ | -7,460€ |
| 115 | Familija Prokopenko03615987 | Budva | 1 | 42,062€ | 17,972€ |
| 116 | Heaven's Light02934680 | Kolašin | 1 | 41,195€ | 27,823€ |
| 117 | Planet Tours Montenegro03090892 | Podgorica | 2 | 39,441€ | 5,393€ |
| 118 | Brajović Group03716651 | Danilovgrad | — | 38,706€ | 7,298€ |
| 119 | Flying Coco03392775 | Podgorica | 1 | 34,896€ | 866€ |
| 120 | Big Blue.co02280396 | Herceg Novi | 2 | 33,356€ | 4,587€ |
| 121 | Classic Travel DMC03543455 | Danilovgrad | 1 | 32,383€ | 11,660€ |
| 122 | Exclusive Tours - Ćulafić02396327 | Budva | 2 | 31,700€ | 17,197€ |
| 123 | Polaris Travel Services Co03706176 | Podgorica | 2 | 30,800€ | 2,504€ |
| 124 | Dim World03282015 | Budva | 9 | 29,825€ | -18,943€ |
| 125 | Adriatictour02957868 | Budva | 2 | 29,760€ | -4,269€ |
| 126 | Jeep Tour 4 X 403541886 | Kolašin | 1 | 29,750€ | 2,044€ |
| 127 | Extrem-Commerce02836793 | Nikšić | 2 | 29,669€ | 1,698€ |
| 128 | Travelzoo03084388 | Kotor | 2 | 29,491€ | -2,318€ |
| 129 | Put Pod Noge03756203 | Podgorica | 1 | 27,953€ | 575€ |
| 130 | Art - Tours02252155 | Ulcinj | 2 | 27,834€ | 308€ |
| 131 | Amore Adriatic03717739 | Herceg Novi | 2 | 27,613€ | -13,394€ |
| 132 | Vip Service02977966 | Budva | 2 | 27,601€ | -18,120€ |
| 133 | MPT03302148 | Podgorica | 1 | 26,998€ | -917€ |
| 134 | Montenegro Globe03354849 | Kotor | 1 | 21,878€ | -2,841€ |
| 135 | Zona.m02814170 | Herceg Novi | 3 | 20,170€ | -34,855€ |
| 136 | Monte Voyage03690172 | Tivat | 1 | 18,924€ | 2,793€ |
| 137 | Montefantasy03568628 | Herceg Novi | 1 | 18,215€ | 5,143€ |
| 138 | Robert's Travel02365243 | Podgorica | 1 | 17,522€ | 1,186€ |
| 139 | Montenegro Memories03243087 | Kolašin | — | 16,278€ | 73€ |
| 140 | Glover02863936 | Budva | 1 | 16,021€ | -1,763€ |
| 141 | Mornar02086069 | — | 1 | 14,277€ | 1,354€ |
| 142 | Montenegro Holidays02397463 | Budva | 1 | 13,372€ | -13,162€ |
| 143 | Dondolare03418847 | Bar | 1 | 12,946€ | 1,134€ |
| 144 | Wandering Yacht Montenegro03155757 | Tivat | 4 | 11,819€ | -60,305€ |
| 145 | Touristic Company Vector02392429 | Ulcinj | 3 | 11,557€ | -20,212€ |
| 146 | Mindful Mate03208273 | Podgorica | 1 | 11,526€ | -10,992€ |
| 147 | Spiritus Fortis03525520 | Tivat | 2 | 11,210€ | -8,356€ |
| 148 | Silistra03337952 | Podgorica | 1 | 11,090€ | -104€ |
| 149 | Montenegro Guiding Experience03665445 | Podgorica | 1 | 10,852€ | 240€ |
| 150 | Spark Studios03502392 | Herceg Novi | 1 | 10,230€ | -685€ |
| 151 | Ofek International Travel Agency03160807 | Herceg Novi | 1 | 9,708€ | 170€ |
| 152 | Emka03384365 | Cetinje | 1 | 9,050€ | 745€ |
| 153 | Lux Travel Montenegro03345092 | Podgorica | 1 | 8,798€ | -3,971€ |
| 154 | Gegi03506401 | Herceg Novi | 1 | 8,490€ | -765€ |
| 155 | Starway02933101 | Bar | 1 | 8,285€ | 131€ |
| 156 | Marina Masa Company03216675 | Tivat | 1 | 7,750€ | -597€ |
| 157 | Bjelasica Polar Fox03400344 | Kolašin | 2 | 6,410€ | -14,247€ |
| 158 | FR Concierge Service03434877 | Budva | 2 | 6,004€ | -74,725€ |
| 159 | Lets Montenegro03706133 | Tivat | 1 | 4,420€ | -12,262€ |
| 160 | Majusha03424383 | Bar | 1 | 4,300€ | -5,275€ |
| 161 | T - Venture03255794 | Bar | 3 | 4,226€ | -15,882€ |
| 162 | Turistička Agencija - FLY Montenegro Travel03018997 | Podgorica | 1 | 4,132€ | -18,997€ |
| 163 | Kaisa02160714 | Herceg Novi | — | 2,970€ | -10€ |
| 164 | Half Price02876043 | Budva | 1 | 2,552€ | -7,747€ |
| 165 | Globetrek03614131 | — | 2 | 2,500€ | -13,480€ |
| 166 | Pequena Aventura03535096 | Herceg Novi | 3 | 2,420€ | -14,030€ |
| 167 | Oragor03440362 | Bar | 1 | 2,100€ | -6,112€ |
| 168 | Comfort Tour03734889 | Kotor | 1 | 2,000€ | -7,501€ |
| 169 | Queen Daphne Montenegro03158918 | Tivat | 1 | 2,000€ | -7,587€ |
| 170 | Montenegro Voyage02628791 | Podgorica | — | 1,731€ | -1,074€ |
| 171 | Sysect03420388 | Herceg Novi | 2 | 1,700€ | -9,620€ |
| 172 | Balkanic Travel03527875 | Podgorica | 1 | 1,318€ | -7,981€ |
| 173 | Acros M.B02367831 | Tivat | 1 | 1,000€ | -10,184€ |
| 174 | Gavcar03657493 | Podgorica | 1 | 1,000€ | -7,709€ |
| 175 | Ancora02637901 | Herceg Novi | 1 | 826€ | -4,474€ |
| 176 | QS Travel03597245 | Budva | 1 | 150€ | -8,092€ |
| 177 | Cleiras03391159 | Budva | 1 | 136€ | -8,091€ |
| 178 | Sprint Group03220095 | Podgorica | — | 6€ | -3,500€ |
| 179 | Vista Monte Group03582531 | Podgorica | 1 | 1€ | -13,202€ |
| 180 | Alnur Group03782026 | Budva | — | 0€ | -2,339€ |
| 181 | Alta Maris Montenegro03570908 | Cetinje | 1 | 0€ | -9,741€ |
| 182 | Altiora Travel03755053 | Budva | — | 0€ | -8,316€ |
| 183 | Autofix Car Rental03774660 | Podgorica | — | 0€ | -2,156€ |
| 184 | Auto - Rent03043002 | Bar | 1 | 0€ | -2,087€ |
| 185 | Beyda Group Mne03734528 | Budva | 0 | 0€ | 0€ |
| 186 | Businessexpress03652882 | Budva | 1 | 0€ | -7,799€ |
| 187 | BY Plazo Group Mne03733084 | Budva | 1 | 0€ | -4,933€ |
| 188 | Costa Azul03506355 | Bar | 1 | 0€ | -8,138€ |
| 189 | Cuzar Yatirim03584496 | Budva | 1 | 0€ | -8,139€ |
| 190 | Adriatic Senses03714209 | Tivat | 1 | 0€ | -10,720€ |
| 191 | Allcash03326063 | Herceg Novi | 0 | 0€ | 0€ |
| 192 | BY Mustafa Organization03743365 | Budva | — | 0€ | -9,788€ |
| 193 | Dynova03745783 | Tivat | — | 0€ | -2,245€ |
| 194 | Electrodan LTD03535908 | Podgorica | 1 | 0€ | -8,004€ |
| 195 | Emels03623157 | Budva | 1 | 0€ | -10,322€ |
| 196 | Emir Doruk03752844 | Budva | 1 | 0€ | -4,038€ |
| 197 | Enjoying Montenegro S&P03748189 | Bar | 1 | 0€ | -5,400€ |
| 198 | Explore Boka03665585 | — | — | 0€ | -2,752€ |
| 199 | Strange World Tour03615090 | Podgorica | 1 | 0€ | -12,263€ |
| 200 | Golfstream03487466 | Bar | 0 | 0€ | 0€ |