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 1–50 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.
12.2% |
| 906,090€ |
| +17.8% |
| 79,339€ |
| 8.8% |
| 8 |
| 941€ |
| 3 | Mirror Beauty03091104 · Plužine | 7.0% | 522,636€ | +0.5% | 8,078€ | 1.5% | 5 | 740€ |
| 4 | Zlatibor02688573 · Budva | 6.6% | 493,404€ | +21.5% | 159,509€ | 32.3% | 6 | 1,466€ |
| 5 | Voptik03410048 · Nikšić | 4.6% | 341,953€ | +77.2% | 19,414€ | 5.7% | 9 | 1,270€ |
| 6 | Lara - S Co02865548 · Bar | 4.6% | 340,087€ | -16.4% | 57,097€ | 16.8% | 7 | 694€ |
| 7 | Lucom03065332 · Nikšić | 3.4% | 255,143€ | -13.9% | 12,844€ | 5.0% | 3 | 1,318€ |
| 8 | Jela Natural Resort03249743 · Rožaje | 3.4% | 252,791€ | -11.9% | 3,278€ | 1.3% | 13 | 687€ |
| 9 | Antika & Guest House03632571 · Kotor | 3.2% | 240,964€ | +10.8% | 12,145€ | 5.0% | 6 | 1,173€ |
| 10 | RTC Development02688972 · Bar | 3.0% | 224,592€ | +49.6% | 28,997€ | 12.9% | 2 | 1,858€ |
| 11 | And Lustica03142507 · Herceg Novi | 2.2% | 162,913€ | -7.6% | 5,617€ | 3.4% | 3 | 1,759€ |
| 12 | Campanula03347826 · Podgorica | 2.2% | 162,729€ | +13.7% | -14,019€ | -8.6% | 1 | 612€ |
| 13 | Mynda03311066 · Podgorica | 1.9% | 140,788€ | +5.1% | -4,272€ | -3.0% | 4 | 1,036€ |
| 14 | Biserna Plaža02352150 · Herceg Novi | 1.8% | 135,258€ | +28.2% | -5,677€ | -4.2% | 6 | 689€ |
| 15 | Eagle Nest03325865 · Šavnik | 1.7% | 124,833€ | +34.1% | 19,499€ | 15.6% | 3 | 742€ |
| 16 | Blue River Tara03087662 · Nikšić | 1.7% | 124,146€ | +24.7% | -13,413€ | -10.8% | 3 | 727€ |
| 17 | Mangica03171094 · Cetinje | 1.4% | 105,583€ | -15.7% | -76,526€ | -72.5% | 3 | 2,519€ |
| 18 | Lovćen-Bečići02025558 · Cetinje | 1.4% | 100,664€ | -24.2% | 895€ | 0.9% | 28 | — |
| 19 | Ma and Pe03536483 · Kotor | 1.3% | 99,900€ | +4.5% | -2,666€ | -2.7% | 2 | 2,115€ |
| 20 | Commodo Mne03387208 · Podgorica | 1.2% | 89,301€ | +10.5% | 1,585€ | 1.8% | 1 | 1,099€ |
| 21 | Juventur02341409 · Herceg Novi | 1.2% | 87,066€ | -59.8% | 26,747€ | 30.7% | 2 | 984€ |
| 22 | Ascension03560287 · Herceg Novi | 1.0% | 73,704€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 35,563€ | 48.3% | 2 | 711€ |
| 23 | Malo Selo03204235 · Herceg Novi | 1.0% | 72,016€ | -32.8% | -34,826€ | -48.4% | 3 | 967€ |
| 24 | Apartments Aerodrom03730298 · Zeta | 1.0% | 70,995€ | No filing for 2024. | 9,532€ | 13.4% | 0 | — |
| 25 | Sveti Nikola Turs Grozdanovski03251977 · Budva | 0.9% | 68,924€ | +149.2% | 397€ | 0.6% | 2 | 569€ |
| 26 | Mi - Class03315363 · Nikšić | 0.9% | 64,796€ | -21.7% | 14,420€ | 22.3% | 1 | 674€ |
| 27 | Odmaralište Srbobran03198979 · Bar | 0.8% | 57,758€ | -14.0% | -926€ | -1.6% | 2 | 851€ |
| 28 | Mid Company03369706 · Bijelo Polje | 0.7% | 53,259€ | +10.5% | 2,559€ | 4.8% | 3 | 1,380€ |
| 29 | Risan Belavista02681854 · Kotor | 0.6% | 47,270€ | -4.0% | -31,160€ | -65.9% | 2 | 680€ |
| 30 | Nostro Mare03520323 · Bar | 0.5% | 38,363€ | -42.0% | 2,782€ | 7.3% | 1 | 1,307€ |
| 31 | Okrajci03372642 · Plužine | 0.5% | 36,831€ | +46.4% | 5,357€ | 14.5% | 2 | 540€ |
| 32 | Kiteriders03358062 · Ulcinj | 0.4% | 33,291€ | -30.7% | -16,855€ | -50.6% | 2 | 339€ |
| 33 | Apartmani Berlin03350541 · Ulcinj | 0.4% | 30,757€ | +401.3% | -6,790€ | -22.1% | 1 | 708€ |
| 34 | Orah Countryside03382745 · Nikšić | 0.4% | 29,293€ | +47.9% | 701€ | 2.4% | 2 | 782€ |
| 35 | Guest House Pino03222322 · Bar | 0.4% | 27,017€ | -11.2% | 265€ | 1.0% | 1 | 678€ |
| 36 | Abc-Service&More03595641 · Bar | 0.3% | 24,461€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -23,324€ | -95.4% | 1 | 908€ |
| 37 | Vila-Đekić03188744 · Andrijevica | 0.3% | 24,134€ | +249.4% | 0€ | 0.0% | 3 | 670€ |
| 38 | Malci Sveznalci03420612 · Podgorica | 0.3% | 23,985€ | -20.5% | 1,122€ | 4.7% | 1 | 1,069€ |
| 39 | Argus Global03308219 · Podgorica | 0.3% | 23,185€ | +0.1% | 5,287€ | 22.8% | 1 | — |
| 40 | Priroda i Društvo03598055 · Nikšić | 0.2% | 15,000€ | +42.9% | 2,979€ | 19.9% | 1 | 674€ |
| 41 | Zagrad03556913 · Nikšić | 0.2% | 14,115€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -13,652€ | -96.7% | 1 | 796€ |
| 42 | Kotorbnb03711935 · Kotor | 0.2% | 13,824€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,889€ | 13.7% | 1 | 562€ |
| 43 | Skipper Bay03634345 · Herceg Novi | 0.2% | 13,586€ | +341.1% | 723€ | 5.3% | 1 | 708€ |
| 44 | Žirci03685543 · Kolašin | 0.1% | 10,159€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 636€ | 6.3% | 1 | 677€ |
| 45 | Princess Milena03638308 · Podgorica | 0.1% | 9,628€ | -80.2% | -10,370€ | -107.7% | 1 | 931€ |
| 46 | Maestral-SD03353788 · Andrijevica | 0.1% | 8,045€ | +18.2% | 0€ | 0.0% | 2 | 335€ |
| 47 | Naša Livadica03335844 · Podgorica | 0.1% | 7,640€ | -20.9% | -7,667€ | -100.4% | 1 | 922€ |
| 48 | Zelena Budućnost11093043 · Bijelo Polje | <0.1% | 7,132€ | +130.3% | -47€ | -0.7% | 1 | — |
| 49 | Spila Group03013855 · Budva | <0.1% | 6,535€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -5,093€ | -77.9% | 2 | 338€ |
| 50 | Agias Balkan03564100 · Kotor | <0.1% | 3,500€ | +633.8% | -10,191€ | -291.2% | 1 | 929€ |