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 1–50 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*
2.0% |
| 9,038,959€ |
| +64.4% |
| 447,397€ |
| 4.9% |
| 123 |
| 1,794€ |
| 3 | Amfoods03490220 · Podgorica | 1.3% | 6,032,928€ | +79.2% | 780,151€ | 12.9% | 99 | 1,156€ |
| 4 | Goodfellas Co02835096 · Podgorica | 1.2% | 5,719,974€ | +30.4% | 533,577€ | 9.3% | 52 | 1,221€ |
| 5 | Milo&Chayse03346242 · Tivat | 1.0% | 4,775,022€ | +27.6% | 1,216,391€ | 25.5% | 40 | 1,485€ |
| 6 | Niklanović02160072 · Budva | 0.9% | 4,038,096€ | -4.9% | 92,698€ | 2.3% | 67 | 1,426€ |
| 7 | Roštiljijada Mne03230511 · Podgorica | 0.8% | 3,882,362€ | +67.1% | 644,896€ | 16.6% | 75 | 725€ |
| 8 | SVS 0803250938 · Podgorica | 0.7% | 3,435,159€ | -2.0% | 480,613€ | 14.0% | 31 | 851€ |
| 9 | Walter BBQ Crna Gora03572463 · Podgorica | 0.6% | 2,931,975€ | +60.1% | 135,337€ | 4.6% | 60 | 1,455€ |
| 10 | Centro02458195 · Budva | 0.6% | 2,845,531€ | +23.5% | 633,288€ | 22.3% | 37 | 1,208€ |
| 11 | Crib & Beer03212734 · Podgorica | 0.6% | 2,728,338€ | +47.1% | 142,860€ | 5.2% | 55 | 1,187€ |
| 12 | Hefesta02967049 · Herceg Novi | 0.6% | 2,683,924€ | -13.0% | 25,806€ | 1.0% | 69 | 927€ |
| 13 | Pasta Fresca Mne03434338 · Tivat | 0.6% | 2,641,881€ | +678.2% | 67,112€ | 2.5% | 43 | 1,690€ |
| 14 | Coffee Cake03116344 · Zeta | 0.6% | 2,625,504€ | -2.3% | 821,150€ | 31.3% | 17 | 2,029€ |
| 15 | Calexico02954265 · Podgorica | 0.6% | 2,573,590€ | +10.3% | 63,902€ | 2.5% | 56 | 1,448€ |
| 16 | Radovanović02225883 · Tivat | 0.5% | 2,334,059€ | -1.5% | 233,686€ | 10.0% | 52 | 1,004€ |
| 17 | Bello Porto02627248 · Budva | 0.5% | 2,254,203€ | +9.2% | 23,718€ | 1.1% | 30 | 1,442€ |
| 18 | Laganini03155820 · Budva | 0.5% | 2,242,523€ | +6.4% | 513,533€ | 22.9% | 33 | 1,378€ |
| 19 | Zaliv Pro03326373 · Tivat | 0.5% | 2,170,191€ | -17.1% | 182,785€ | 8.4% | 31 | 1,367€ |
| 20 | Optimist02815796 · Tivat | 0.5% | 2,137,097€ | -2.2% | 67,390€ | 3.2% | 19 | 2,233€ |
| 21 | Mediteran Grupa02753103 · Budva | 0.4% | 2,017,670€ | -14.7% | 242,568€ | 12.0% | 40 | 1,149€ |
| 22 | Naky's03041646 · Podgorica | 0.4% | 1,982,059€ | +18.9% | 201,618€ | 10.2% | 28 | 1,167€ |
| 23 | Porto Budva Company02447746 · Budva | 0.4% | 1,964,967€ | +7.9% | 305,223€ | 15.5% | 35 | 1,008€ |
| 24 | Podcafe F&B03017982 · Podgorica | 0.4% | 1,947,299€ | -7.9% | 114,606€ | 5.9% | 45 | 1,092€ |
| 25 | Mare Invest03293734 · Tivat | 0.4% | 1,944,862€ | +29.3% | 280,363€ | 14.4% | 26 | 1,289€ |
| 26 | Imperium03060551 · Podgorica | 0.4% | 1,923,539€ | +78.4% | 395,339€ | 20.6% | 35 | 1,550€ |
| 27 | Mimi Mediteran02049775 · Podgorica | 0.4% | 1,896,378€ | +14.8% | 343,632€ | 18.1% | 42 | 1,248€ |
| 28 | Asia Food03294480 · Podgorica | 0.4% | 1,890,036€ | +3.5% | 251,061€ | 13.3% | 29 | 1,480€ |
| 29 | Babi G&W03472540 · Podgorica | 0.4% | 1,873,209€ | +22.0% | 118,397€ | 6.3% | 41 | 1,436€ |
| 30 | Kafeterija Montenegro03198928 · Tivat | 0.4% | 1,725,048€ | +44.5% | 25,021€ | 1.5% | 32 | 1,476€ |
| 31 | Veloder02230917 · Herceg Novi | 0.4% | 1,724,869€ | +11.2% | 323,810€ | 18.8% | 35 | 862€ |
| 32 | Olimp Co02919826 · Kotor | 0.4% | 1,722,201€ | +25.3% | 142,889€ | 8.3% | 26 | 959€ |
| 33 | Medusa Company03392465 · Budva | 0.4% | 1,711,569€ | +18.5% | 259,161€ | 15.1% | 24 | 1,214€ |
| 34 | Ktitor Budva Company02785196 · Budva | 0.4% | 1,676,856€ | -7.3% | 33,270€ | 2.0% | 36 | 880€ |
| 35 | Per Sempre02905655 · Podgorica | 0.4% | 1,665,777€ | -7.9% | 5,799€ | 0.3% | 42 | 1,285€ |
| 36 | Control02925923 · Žabljak | 0.3% | 1,613,505€ | +30.2% | 431,176€ | 26.7% | 32 | 777€ |
| 37 | Duomo MN03558096 · Budva | 0.3% | 1,608,153€ | +43.8% | 103,583€ | 6.4% | 28 | 1,678€ |
| 38 | Radgost Mne03625290 · Podgorica | 0.3% | 1,573,184€ | +81.3% | 54,017€ | 3.4% | 30 | 1,341€ |
| 39 | Mon03066223 · Podgorica | 0.3% | 1,569,728€ | +35.0% | 186,082€ | 11.9% | 9 | 1,459€ |
| 40 | Pippo's Yacht Supplies02776081 · Tivat | 0.3% | 1,568,712€ | -12.1% | 83,012€ | 5.3% | 32 | 1,353€ |
| 41 | Salaš 2302447576 · Podgorica | 0.3% | 1,519,827€ | +6.9% | 86,516€ | 5.7% | 26 | 1,189€ |
| 42 | Gora Company03113787 · Podgorica | 0.3% | 1,491,616€ | -9.7% | 160,959€ | 10.8% | 39 | 704€ |
| 43 | Obala Ribnice03306348 · Podgorica | 0.3% | 1,467,050€ | -4.4% | 125,985€ | 8.6% | 21 | 2,231€ |
| 44 | LB Leisure Management03347958 · Tivat | 0.3% | 1,465,352€ | +24.1% | -1,690,199€ | -115.3% | 20 | 6,750€ |
| 45 | VN1702914379 · Podgorica | 0.3% | 1,455,442€ | +30.6% | 57,446€ | 3.9% | 25 | 1,406€ |
| 46 | P.S. Protokol03289214 · Podgorica | 0.3% | 1,446,882€ | -11.5% | 4,810€ | 0.3% | 33 | 1,040€ |
| 47 | Kristal MB03339904 · Podgorica | 0.3% | 1,437,732€ | -8.9% | 122,184€ | 8.5% | 18 | 1,181€ |
| 48 | Rhea +02725851 · Podgorica | 0.3% | 1,426,941€ | +0.3% | 69,228€ | 4.9% | 30 | 1,500€ |
| 49 | Monument PN03308235 · Herceg Novi | 0.3% | 1,421,280€ | +9.6% | 7,868€ | 0.6% | 30 | 934€ |
| 50 | Hobazomi03385949 · Bar | 0.3% | 1,418,692€ | +26.8% | 85,612€ | 6.0% | 31 | 882€ |