Revenue
0.6% of sector revenue
95 companies earned 7.44m€ in 2025, 0.6% of Hospitality sector revenue. Revenue has grown 3.1× since 2015.
0.6% of sector revenue
56 with at most one employee
Largest employer: Lovćen-Bečići (28)
Median company 0.9% · 32% profitable
Revenue in € million (bars) and filing companies (below), 2015–2025
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 51–95 of 95
* 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 6 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 | 2,420,110€ | 18 |
| 2016 | 2,968,908€ | 25 |
| 2017 | 3,284,708€ | 27 |
| 2018 | 3,658,357€ | 35 |
| 2019 | 4,849,668€ | 37 |
| 2020 | 2,373,329€ | 47 |
| 2021 | 4,011,504€ | 60 |
| 2022 | 4,591,913€ | 70 |
| 2023 | 5,860,141€ | 82 |
| 2024 | 7,136,004€ | 90 |
| 2025 (Preliminary) | 7,436,331€ | 95 |
The number of companies jumped most in 2021: from 47 to 60.
<0.1% |
| 2,288€ |
| +160.6% |
| -1,606€ |
| -70.2% |
| 1 |
| — |
| 53 | Glamping Montenegro03001199 · Kotor | <0.1% | 2,038€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,052€ | -346.0% | 1 | 330€ |
| 54 | Aquastatin-M02934043 · Podgorica | <0.1% | 1,318€ | -73.1% | -3,994€ | -303.0% | 2 | — |
| 55 | MM Đalović03803473 · Bijelo Polje | <0.1% | 1,248€ | No filing for 2024. | -896€ | -71.8% | 1 | — |
| 56 | Monteko Invest03640043 · Nikšić | <0.1% | 5€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,520€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | — |
| 57 | Arion RS03374068 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,184€ | — | 1 | 923€ |
| 58 | Aronia Food Agriculture and Tourism Company03616428 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,094€ | — | 1 | 925€ |
| 59 | Art Hub Hostel03370674 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,960€ | — | 1 | — |
| 60 | Boka Green03524744 · Herceg Novi | 0.0% | 0€ | -100.0% | -24,341€ | — | 2 | 929€ |
| 61 | Derqui Properties03602362 · Herceg Novi | 0.0% | 0€ | -100.0% | -14,714€ | — | 1 | 678€ |
| 62 | Bazeni Čukić03298779 · Berane | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 63 | Blue Paradise Bungalows03805271 · Plav | 0.0% | 0€ | No filing for 2024. | -762€ | — | 1 | — |
| 64 | Durmitor Glamping03548694 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,890€ | — | 1 | — |
| 65 | Eco Vash Dom Company03387062 · Budva | 0.0% | 0€ | -100.0% | -8,379€ | — | 1 | 677€ |
| 66 | Epopeja03263169 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,287€ | — | 1 | 1,107€ |
| 67 | Pont Compani03301958 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,403€ | — | 1 | — |
| 68 | L.L. Investments03760391 · Tuzi | 0.0% | 0€ | No filing for 2024. | -4,821€ | — | 1 | 402€ |
| 69 | Mauna' Ele'ele'03688984 · Tivat | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -34,879€ | — | 3 | 806€ |
| 70 | Mavi Dream03470237 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,132€ | — | 1 | 677€ |
| 71 | MNG H Group03609308 · Podgorica | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 72 | Psyskills03443078 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,869€ | — | 2 | 621€ |
| 73 | Roberto´s Company03228223 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,039€ | — | 1 | — |
| 74 | Soko Mne03380734 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -3,025€ | — | 1 | — |
| 75 | Uni - Tim03626601 · Pljevlja | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,198€ | — | 1 | 683€ |
| 76 | Žaljevo Co03597849 · Mojkovac | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,931€ | — | 2 | 331€ |
| 77 | Erfolg02679060 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,875€ | — | 1 | 677€ |
| 78 | Red Carpet02644266 · Cetinje | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,467€ | — | 1 | 922€ |
| 79 | Zemis Land Guardians03559734 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -7,652€ | — | 1 | 553€ |
| 80 | Ecomonte02630109 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -9,105€ | — | 0 | — |
| 81 | Vectormont02629666 · Kolašin | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -2,026€ | — | 1 | — |
| 82 | Luxor Montagana03370739 · Nikšić | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,084€ | — | 1 | 337€ |
| 83 | Erkmen Enterprise03693635 · Budva | 0.0% | 0€ | -100.0% | -8,152€ | — | 1 | 678€ |
| 84 | Hidden Valley Montenegro03684393 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -14,052€ | — | 1 | 963€ |
| 85 | Krnovo Oaza Resort03749304 · Nikšić | 0.0% | 0€ | No filing for 2024. | -9,234€ | — | 0 | — |
| 86 | LMB Torine03761215 · Bar | 0.0% | 0€ | No filing for 2024. | -5,151€ | — | 1 | 397€ |
| 87 | M&A Montenegro Apartmani03417000 | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,003€ | — | 1 | 655€ |
| 88 | MB Beg03712257 · Budva | 0.0% | 0€ | No filing for 2024. | -18,590€ | — | 1 | 607€ |
| 89 | Monte Progres Luštica03742652 · Herceg Novi | 0.0% | 0€ | No filing for 2024. | -11,940€ | — | 1 | 530€ |
| 90 | Mountain Cat Invest03788075 · Tivat | 0.0% | 0€ | No filing for 2024. | -2,382€ | — | 1 | — |
| 91 | Ovčar07181671 · Ulcinj | 0.0% | 0€ | -100.0% | 0€ | — | — | — |
| 92 | Sedorc Tourism03474658 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -4,462€ | — | 1 | 367€ |
| 93 | SHCH03296253 · Bar | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -10,670€ | — | 1 | 677€ |
| 94 | Via Balkan03166716 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,118€ | — | 1 | 536€ |
| 95 | Viewventures03780759 · Podgorica | 0.0% | 0€ | No filing for 2024. | -1,809€ | — | 0 | — |