Hotels in Montenegro ranked by revenue 2025. This 2025 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12024: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 90,337,909€ | +13.0% | 116 | 13.2% |
| 22024: rank 2 | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | 41,291,910€ | +9.0% | 355 | 6.0% |
| 32024: rank 5 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 29,700,564€ | +8.3% | 600 | 4.3% |
| 42024: rank 4 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 28,406,958€ | -3.2% | 565 | 4.2% |
| 52024: rank 6 | Carine Hospitality · Podgorica | 02094754Income statement (PDF) | 22,538,339€ | -1.0% | 250 | 3.3% |
| 62024: rank 7 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 20,505,314€ | +8.6% | 233 | 3.0% |
| 72024: rank 8 | Krolbay Hospitality · Podgorica | 03266567Income statement (PDF) | 16,361,754€ | +3.7% | 269 | 2.4% |
| 82024: rank 9 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 15,079,028€ | +9.1% | 216 | 2.2% |
| 92024: rank 12 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 14,022,817€ | +31.4% | 160 | 2.0% |
| 102024: rank 10 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 13,447,043€ | -2.0% | 96 | 2.0% |
| 11Not in the top 200 in 2024. | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 11,669,514€ | +17,747.7% | 10 | 1.7% |
| 122024: rank 11 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 11,172,720€ | -1.8% | 185 | 1.6% |
| 132024: rank 14 | Recreatours Hospitality · Bar | 02672227Income statement (PDF) | 10,998,058€ | +3.8% | 118 | 1.6% |
| 142024: rank 13 | Nemesis Hospitality · Danilovgrad | 02636603Income statement (PDF) | 10,508,526€ | -1.2% | 285 | 1.5% |
| 152024: rank 16 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 9,192,466€ | +8.5% | 195 | 1.3% |
| 162024: rank 17 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 9,115,697€ | +17.7% | 204 | 1.3% |
| 172024: rank 19 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 7,685,259€ | +6.2% | 110 | 1.1% |
| 182024: rank 18 | Spencer&Hill Team Hospitality · Budva | 03161382Income statement (PDF) | 7,659,009€ | +3.6% | 181 | 1.1% |
| 192024: rank 21 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 6,827,117€ | +4.6% | 130 | 1.0% |
| 202024: rank 22 | Jadran Hospitality · Kotor | 02013177Income statement (PDF) | 6,691,562€ | +16.0% | 79 | 1.0% |
| 212024: rank 24 | Tara Hotel Hospitality · Budva | 03039510Income statement (PDF) | 6,159,213€ | +16.0% | 48 | 0.9% |
| 222024: rank 32 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 5,967,887€ | +58.7% | 57 | 0.9% |
| 232024: rank 25 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 5,804,549€ | +9.3% | 127 | 0.8% |
| 242024: rank 23 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 5,702,132€ | +3.3% | 144 | 0.8% |
| 25Not in the top 200 in 2024. | Dukley Resort & Spa Kolašin Hospitality · Budva | 03297357Income statement (PDF) | 5,026,693€ | +6,347.5% | 5 | 0.7% |
| 262024: rank 26 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 5,011,128€ | +11.6% | 55 | 0.7% |
| 272024: rank 31 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 4,998,185€ | +21.5% | 94 | 0.7% |
| 282024: rank 28 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 4,723,667€ | +7.5% | 133 | 0.7% |
| 292024: rank 29 | Talija Company Hospitality · Herceg Novi | 02695138Income statement (PDF) | 4,713,165€ | +10.4% | 101 | 0.7% |
| 302024: rank 15 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 4,618,037€ | -52.6% | 96 | 0.7% |
| 312024: rank 34 | Queen Hotel Hospitality · Podgorica | 03559629Income statement (PDF) | 4,122,679€ | +15.1% | 29 | 0.6% |
| 322024: rank 30 | Recreatours Hospitality · Budva | 02672375Income statement (PDF) | 4,058,847€ | -3.2% | 45 | 0.6% |
| 332024: rank 27 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 3,932,644€ | -10.5% | 94 | 0.6% |
| 342024: rank 33 | Kastel Hospitality · Podgorica | 02465787Income statement (PDF) | 3,821,430€ | +2.0% | 55 | 0.6% |
| 352024: rank 41 | Sea Star Hotels Hospitality · Budva | 03537714Income statement (PDF) | 3,650,946€ | +35.8% | 32 | 0.5% |
| 362024: rank 45 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 3,630,526€ | +47.1% | 30 | 0.5% |
| 372024: rank 35 | Perla Hospitality · Herceg Novi | 02332841Income statement (PDF) | 3,623,578€ | +3.9% | 75 | 0.5% |
| 382024: rank 37 | Mibost-Joketić Hospitality · Kotor | 02218089Income statement (PDF) | 3,445,526€ | +14.4% | 48 | 0.5% |
| 392024: rank 36 | Ljetopis Stars Hospitality | 03075176Income statement (PDF) | 3,421,429€ | +9.5% | 69 | 0.5% |
| 402024: rank 54 | HTP Aurel Hospitality · Podgorica | 02928671Income statement (PDF) | 3,291,869€ | +54.0% | 39 | 0.5% |
| 412024: rank 44 | Sato Hospitality · Bar | 02924919Income statement (PDF) | 3,051,839€ | +20.8% | 56 | 0.4% |
| 422024: rank 38 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 2,967,834€ | +0.2% | 82 | 0.4% |
| 432024: rank 52 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 2,868,804€ | +27.0% | 76 | 0.4% |
| 442024: rank 3 | Zeta Film Hospitality · Budva | 02005263Income statement (PDF) | 2,863,684€ | -91.6% | 13 | 0.4% |
| 452024: rank 40 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 2,837,992€ | +4.3% | 75 | 0.4% |
| 462024: rank 39 | Poseidon Hospitality · Budva | 02832224Income statement (PDF) | 2,768,935€ | +0.9% | 56 | 0.4% |
| 472024: rank 46 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 2,739,063€ | +12.5% | 41 | 0.4% |
| 482024: rank 51 | Trecom Hospitality · Kotor | 02045460Income statement (PDF) | 2,705,584€ | +17.1% | 45 | 0.4% |
| 492024: rank 42 | Aria Hospitality · Zeta | 02154226Income statement (PDF) | 2,529,105€ | -2.8% | 53 | 0.4% |
| 502024: rank 48 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 2,517,764€ | +6.7% | 42 | 0.4% |
Showing 1–50 · top 50 of 795 companies
This ranking contains 50 records for 2025, ordered by revenue after applying data-quality eligibility rules.
The leading record is "LUŠTICA DEVELOPMENT"AD TIVAT; placement is determined by revenue, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology