Revenue
6.7% of sector revenue
629 companies earned 85.37m€ in 2025, 6.7% of Hospitality sector revenue. Revenue has grown 3.6× since 2015.
6.7% of sector revenue
190 with at most one employee
Largest employer: Filan Company (95)
Median company 0.2% · 44% 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 629
* 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 137 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 | 23,942,808€ | 357 |
| 2016 | 31,596,816€ | 426 |
| 2017 | 33,366,438€ | 475 |
| 2018 | 40,283,019€ | 536 |
| 2019 | 41,887,448€ | 579 |
| 2020 | 26,656,613€ | 612 |
| 2021 | 42,484,409€ | 627 |
| 2022 | 62,477,943€ | 664 |
| 2023 | 76,297,691€ | 664 |
| 2024 | 79,971,326€ | 655 |
| 2025 (Preliminary) | 85,370,487€ | 629 |
Employees and payroll cost per employee per month*
3.2% |
| 2,749,909€ |
| -13.6% |
| 135,721€ |
| 4.9% |
| 43 |
| 1,482€ |
| 3 | 3203084663 · Podgorica | 2.1% | 1,787,429€ | +57.7% | 46,997€ | 2.6% | 39 | 1,182€ |
| 4 | Blue Marlin03257746 · Podgorica | 1.9% | 1,660,443€ | +1.5% | 74,123€ | 4.5% | 24 | 1,576€ |
| 5 | West Point02781093 · Podgorica | 1.8% | 1,559,023€ | +1.9% | 66,625€ | 4.3% | 30 | 864€ |
| 6 | Vadjon02400758 · Budva | 1.5% | 1,258,573€ | -0.5% | 268,017€ | 21.3% | 16 | 1,369€ |
| 7 | Šerer02977044 · Podgorica | 1.5% | 1,257,891€ | +31.5% | 206,550€ | 16.4% | 13 | 1,122€ |
| 8 | Almeco02707233 · Podgorica | 1.4% | 1,162,270€ | -11.8% | 235,310€ | 20.2% | 14 | 1,102€ |
| 9 | Arco & Co02931532 · Kotor | 1.0% | 893,883€ | -14.1% | 185,410€ | 20.7% | 15 | 1,373€ |
| 10 | Monte Juice03565866 · Podgorica | 1.0% | 886,489€ | +144.8% | 59,149€ | 6.7% | 10 | 1,640€ |
| 11 | Winnie the Pooh03076784 · Bar | 1.0% | 839,199€ | +8.6% | 66,117€ | 7.9% | 25 | 1,071€ |
| 12 | Hel Company03086704 · Podgorica | 1.0% | 824,342€ | -27.1% | -44,124€ | -5.4% | 17 | 1,285€ |
| 13 | Borozan02798085 · Kotor | 0.9% | 768,895€ | -8.9% | 4,091€ | 0.5% | 19 | 1,196€ |
| 14 | MVS Select03225356 · Kotor | 0.9% | 742,013€ | -5.1% | 32,167€ | 4.3% | 17 | 1,002€ |
| 15 | Siempre03023516 · Kotor | 0.9% | 739,028€ | +1.7% | 151,854€ | 20.5% | 18 | 1,052€ |
| 16 | Marx02921073 · Bar | 0.8% | 705,061€ | +3.2% | -16,113€ | -2.3% | 21 | 718€ |
| 17 | Mba PG103553094 · Podgorica | 0.8% | 700,937€ | +469.9% | 124,888€ | 17.8% | 6 | 2,693€ |
| 18 | Lepeza03548210 · Podgorica | 0.8% | 699,432€ | -8.0% | 33,739€ | 4.8% | 4 | 3,356€ |
| 19 | Monteccatini02462753 · Podgorica | 0.8% | 691,609€ | -3.3% | 7,567€ | 1.1% | 12 | 594€ |
| 20 | Le Petit Chateau02876230 · Bar | 0.8% | 668,854€ | -18.8% | -8,194€ | -1.2% | 35 | 626€ |
| 21 | Kuljača Company02076446 · Budva | 0.8% | 664,874€ | +62.1% | 107,660€ | 16.2% | 8 | 1,098€ |
| 22 | Martins Company03543854 · Herceg Novi | 0.8% | 648,648€ | +57.0% | 17,333€ | 2.7% | 4 | 3,833€ |
| 23 | Plamenac02407558 · Bar | 0.7% | 636,787€ | -17.6% | 87,956€ | 13.8% | 12 | 958€ |
| 24 | Mala Barka02900475 · Tivat | 0.7% | 632,860€ | -3.4% | 2,564€ | 0.4% | 14 | 1,527€ |
| 25 | Karampana03084710 · Kotor | 0.7% | 623,081€ | +263.7% | 69,669€ | 11.2% | 11 | 1,733€ |
| 26 | Bandiera02658747 · Kotor | 0.7% | 608,268€ | +15.8% | 64,672€ | 10.6% | 8 | 2,875€ |
| 27 | Kaluđerović Company02241366 · Tivat | 0.7% | 605,669€ | +2.4% | -18,334€ | -3.0% | 8 | 1,402€ |
| 28 | Dolce & Kafana03249590 · Podgorica | 0.7% | 591,309€ | +12.4% | 3,520€ | 0.6% | 16 | 886€ |
| 29 | Veluza02399326 · Budva | 0.7% | 579,928€ | +2.5% | 18,272€ | 3.2% | 16 | 747€ |
| 30 | Pinos Playa03044327 · Bar | 0.7% | 574,749€ | +9.0% | 114,779€ | 20.0% | 9 | 1,047€ |
| 31 | Our SFRJ03271005 · Kolašin | 0.7% | 565,770€ | +38.1% | 67,207€ | 11.9% | 12 | 956€ |
| 32 | Aquario02659077 · Budva | 0.6% | 514,733€ | +24.2% | 113,451€ | 22.0% | 6 | 1,511€ |
| 33 | Tasić Company03164292 · Podgorica | 0.6% | 511,935€ | +8.4% | 82,955€ | 16.2% | 9 | 573€ |
| 34 | Agava-Podgorica03402738 · Podgorica | 0.6% | 488,018€ | +17.7% | 21,606€ | 4.4% | 11 | 1,196€ |
| 35 | Salus02158248 · Budva | 0.6% | 486,867€ | +19.6% | 61,550€ | 12.6% | 7 | 1,244€ |
| 36 | Take Off03310248 · Tivat | 0.6% | 478,602€ | +129.3% | -17,026€ | -3.6% | 9 | 1,864€ |
| 37 | Teodo02740648 · Tivat | 0.6% | 477,538€ | +24.6% | 4,387€ | 0.9% | 16 | 684€ |
| 38 | Antares02332477 · Tivat | 0.6% | 471,052€ | -0.1% | 427€ | 0.1% | 13 | 1,082€ |
| 39 | Gabbiano VS02968070 · Bar | 0.5% | 459,603€ | -1.3% | 120,182€ | 26.1% | 2 | 707€ |
| 40 | Kairos02408309 · Budva | 0.5% | 451,077€ | -66.4% | 20,557€ | 4.6% | 2 | 787€ |
| 41 | Mipe03096637 · Nikšić | 0.5% | 442,857€ | +12.6% | 25,965€ | 5.9% | 4 | — |
| 42 | Viva Coffee02800616 · Cetinje | 0.5% | 425,437€ | +77.5% | 13,573€ | 3.2% | 6 | 616€ |
| 43 | Mim Dekor Art03311759 · Nikšić | 0.5% | 424,661€ | +30.7% | 11,743€ | 2.8% | 8 | 636€ |
| 44 | Manico02789043 · Pljevlja | 0.5% | 418,856€ | +32.8% | -77,156€ | -18.4% | 9 | 704€ |
| 45 | Na Moraču03456200 · Podgorica | 0.5% | 417,225€ | +124.6% | 18,833€ | 4.5% | 4 | 1,223€ |
| 46 | Blues Brothers02956128 · Nikšić | 0.5% | 412,498€ | +10.7% | 100,391€ | 24.3% | 8 | 748€ |
| 47 | Idrizović-Co03176924 · Bijelo Polje | 0.5% | 406,507€ | -8.4% | 5,693€ | 1.4% | 16 | 759€ |
| 48 | Martina B02872323 · Bar | 0.5% | 404,087€ | +12.3% | 9,316€ | 2.3% | 13 | 926€ |
| 49 | SDS Company02857987 · Tivat | 0.5% | 399,800€ | +17.1% | 13,900€ | 3.5% | 7 | 1,515€ |
| 50 | Adn Old Town Company03343928 · Budva | 0.5% | 390,420€ | +10.6% | 46,369€ | 11.9% | 10 | 867€ |