Hotels in Montenegro ranked by revenue 2015

Hotels in Montenegro ranked by revenue 2015. This 2015 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.

Archived list for 2015, on the same criteria as the latest one. Latest list (2025)

#	Company	PIB			Share
1	Hotels Group Montenegro Stars Hospitality · Budva	02385040Income statement (PDF)	18,096,465€	650	10.1%
2	Luštica Development Hospitality · Tivat	02744597Income statement (PDF)	17,590,230€	29	9.8%
3	Budvanska Rivijera Hospitality · Budva	02005328Income statement (PDF)	16,995,964€	531	9.5%
4	Bellevue Hotels Group Hospitality · Budva	02415828Income statement (PDF)	10,528,349€	186	5.9%
5	Adriatic Properties Hospitality · Budva	02638495Income statement (PDF)	10,488,293€	151	5.8%
6	Beppler & Jacobson Montenegro Hospitality · Budva	02391082Income statement (PDF)	8,258,058€	213	4.6%
7	Export -Import VST Trend Hospitality · Nikšić	02330857Income statement (PDF)	4,045,005€	19	2.3%
8	Nemesis Hospitality · Danilovgrad	02636603Income statement (PDF)	3,794,571€	88	2.1%
9	Carine Hospitality · Podgorica	02094754Income statement (PDF)	3,273,058€	67	1.8%
10	Crna Gora Hospitality · Podgorica	02046024Income statement (PDF)	3,048,080€	51	1.7%
11	Ulcinjska Rivijera Hospitality · Ulcinj	02006146Income statement (PDF)	3,012,076€	176	1.7%
12	Argos Hospitality · Ulcinj	02693259Income statement (PDF)	2,918,451€	64	1.6%
13	HTP Vile Oliva Hospitality · Budva	02624575Income statement (PDF)	2,673,470€	17	1.5%
14	Primorje Hospitality · Tivat	02008637Income statement (PDF)	2,194,175€	102	1.2%
15	Top Hill Hospitality · Budva	02786818Income statement (PDF)	2,103,755€	20	1.2%
16	Fjord Hospitality · Kotor	02014912Income statement (PDF)	1,897,221€	40	1.1%
17	Hunguest Hotels Montenegro Hospitality · Herceg Novi	02405695Income statement (PDF)	1,889,343€	86	1.1%
18	Unique Projects Hospitality · Kotor	02773228Income statement (PDF)	1,781,123€	20	1.0%
19	Euromix-Trade Hospitality · Podgorica	02714884Income statement (PDF)	1,615,354€	25	0.9%
20	Normal Tours Hospitality · Podgorica	02401690Income statement (PDF)	1,548,298€	61	0.9%
21	Obala Rafailovići Hospitality · Budva	02958813Income statement (PDF)	1,536,950€	15	0.9%
22	Montenegro Premier Hospitality · Podgorica	02438496Income statement (PDF)	1,506,312€	76	0.8%
23	Lighthouse of Montenegro Hospitality · Herceg Novi	02770164Income statement (PDF)	1,485,844€	39	0.8%
24	Mimoza Hospitality · Tivat	02008564Income statement (PDF)	1,433,749€	52	0.8%
25	Vučje Hospitality · Nikšić	02770156Income statement (PDF)	1,422,129€	51	0.8%
26	Trend Korali Hospitality · Bar	02774852Income statement (PDF)	1,382,829€	66	0.8%
27	Igalo Hospitality · Herceg Novi	02008173Income statement (PDF)	1,378,520€	95	0.8%
28	Recreatours Hospitality · Bar	02672227Income statement (PDF)	1,300,394€	22	0.7%
29	Citadel Group Hospitality · Podgorica	02774844Income statement (PDF)	1,142,282€	59	0.6%
30	Petrohotel Hospitality · Budva	02326175Income statement (PDF)	1,130,767€	15	0.6%
31	Pio Hospitality · Ulcinj	02456010Income statement (PDF)	1,091,540€	45	0.6%
32	Helios Promet Hospitality · Budva	02054132Income statement (PDF)	1,055,391€	13	0.6%
33	Uniprom Hoteli Hospitality · Nikšić	02915022Income statement (PDF)	1,017,989€	48	0.6%
34	Riviera Management and Development Resort-RMDR Hospitality · Herceg Novi	02402726Income statement (PDF)	1,007,871€	13	0.6%
35	Aria Hospitality · Zeta	02154226Income statement (PDF)	1,006,919€	40	0.6%
36	Debt Management Project i Montenegro Hospitality · Nikšić	02836688Income statement (PDF)	1,000,000€	1	0.6%
37	Vektra Boka Hospitality · Herceg Novi	02008238Income statement (PDF)	997,949€	28	0.6%
38	Mibost-Joketić Hospitality · Kotor	02218089Income statement (PDF)	967,416€	25	0.5%
39	Perla Hospitality · Herceg Novi	02332841Income statement (PDF)	956,709€	21	0.5%
40	Hemera Hospitality · Podgorica	02863600Income statement (PDF)	845,307€	36	0.5%
41	Adria o Zone Hospitality · Budva	02645947Income statement (PDF)	816,165€	6	0.5%
42	Kastel Hospitality · Podgorica	02465787Income statement (PDF)	803,520€	22	0.4%
43	Woow Hospitality · Budva	02887738Income statement (PDF)	792,951€	10	0.4%
44	Jekon Hospitality · Bijelo Polje	02004178Income statement (PDF)	790,077€	72	0.4%
45	Tara Hotel Hospitality · Budva	03039510Income statement (PDF)	711,520€	—	0.4%
46	HTP Aurel Hospitality · Podgorica	02928671Income statement (PDF)	710,543€	18	0.4%
47	Balloon Hospitality · Kotor	02356597Income statement (PDF)	698,590€	10	0.4%
48	Becovic Menagement Group Hospitality · Ulcinj	02440059Income statement (PDF)	694,222€	26	0.4%
49	HM Durmitor Hospitality · Žabljak	02409798Income statement (PDF)	679,766€	36	0.4%
50	Peja Hospitality · Mojkovac	02301075Income statement (PDF)	676,540€	8	0.4%

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