Hotels in Montenegro ranked by revenue 2017. This 2017 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2017, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12016: rank 2 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 20,455,355€ | +10.1% | 542 | 8.2% |
| 22016: rank 1 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 19,960,484€ | +5.1% | 661 | 8.0% |
| 32016: rank 118 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 19,223,405€ | +9,385.3% | 47 | 7.7% |
| 42016: rank 3 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 12,985,778€ | +12.5% | 202 | 5.2% |
| 52016: rank 4 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 11,840,549€ | +3.8% | 103 | 4.8% |
| 62016: rank 5 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 11,795,329€ | +17.3% | 245 | 4.8% |
| 72016: rank 6 | Carine Hospitality · Podgorica | 02094754Income statement (PDF) | 6,189,303€ | +3.8% | 76 | 2.5% |
| 8Not in the top 200 in 2016. | Sea Trade Hospitality · Tivat | 02669935Income statement (PDF) | 4,819,323€ | +10,500.8% | 2 | 1.9% |
| 92016: rank 8 | Nemesis Hospitality · Danilovgrad | 02636603Income statement (PDF) | 4,588,593€ | +10.0% | 93 | 1.8% |
| 102016: rank 51 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 4,466,222€ | +463.7% | 152 | 1.8% |
| 112016: rank 7 | Export -Import VST Trend Hospitality · Nikšić | 02330857Income statement (PDF) | 4,119,223€ | -4.1% | 19 | 1.7% |
| 122016: rank 9 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 3,844,072€ | +9.2% | 15 | 1.5% |
| 132016: rank 10 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 3,785,371€ | +18.2% | 99 | 1.5% |
| 142016: rank 11 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 3,315,586€ | +16.0% | 173 | 1.3% |
| 152016: rank 12 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 3,009,380€ | +5.5% | 52 | 1.2% |
| 162016: rank 15 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 2,939,904€ | +31.8% | 98 | 1.2% |
| 172016: rank 16 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 2,606,265€ | +30.0% | 56 | 1.1% |
| 182016: rank 14 | Applicon Tours Montenegro Hospitality · Budva | 03066827Income statement (PDF) | 2,511,234€ | -3.5% | 12 | 1.0% |
| 192016: rank 88 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 2,381,087€ | +614.3% | 97 | 1.0% |
| 202016: rank 17 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 2,260,148€ | +13.0% | 91 | 0.9% |
| 212016: rank 20 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 2,197,323€ | +13.4% | 52 | 0.9% |
| 222016: rank 13 | Crna Gora Hospitality · Podgorica | 02046024Income statement (PDF) | 2,191,559€ | -18.9% | 90 | 0.9% |
| 232016: rank 53 | Euromix-Trade Hospitality · Podgorica | 02714884Income statement (PDF) | 2,109,691€ | +182.0% | 13 | 0.9% |
| 242016: rank 41 | Ruža Vjetrova Hospitality · Bar | 02172879Income statement (PDF) | 2,097,285€ | +133.3% | 44 | 0.8% |
| 252016: rank 37 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 2,036,438€ | +102.8% | 11 | 0.8% |
| 262016: rank 22 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 1,933,307€ | +12.0% | 15 | 0.8% |
| 272016: rank 34 | Mibost-Joketić Hospitality · Kotor | 02218089Income statement (PDF) | 1,858,931€ | +74.8% | 37 | 0.7% |
| 282016: rank 23 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 1,835,852€ | +12.3% | 62 | 0.7% |
| 292016: rank 21 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 1,803,433€ | +1.5% | 74 | 0.7% |
| 302016: rank 25 | Aria Hospitality · Zeta | 02154226Income statement (PDF) | 1,776,865€ | +14.6% | 48 | 0.7% |
| 312016: rank 19 | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 1,683,791€ | -14.1% | 30 | 0.7% |
| 322016: rank 18 | Montenegro Premier Hospitality · Podgorica | 02438496Income statement (PDF) | 1,677,320€ | -15.6% | 71 | 0.7% |
| 332016: rank 24 | Trend Korali Hospitality · Bar | 02774852Income statement (PDF) | 1,677,314€ | +5.4% | 55 | 0.7% |
| 342016: rank 66 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 1,635,311€ | +286.4% | 71 | 0.7% |
| 352016: rank 31 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 1,597,462€ | +39.8% | 35 | 0.6% |
| 362016: rank 38 | Perla Hospitality · Herceg Novi | 02332841Income statement (PDF) | 1,553,656€ | +55.7% | 39 | 0.6% |
| 372016: rank 33 | Kastel Hospitality · Podgorica | 02465787Income statement (PDF) | 1,435,788€ | +33.6% | 24 | 0.6% |
| 382016: rank 84 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 1,354,332€ | +292.1% | 64 | 0.5% |
| 392016: rank 28 | Mimoza Hospitality · Tivat | 02008564Income statement (PDF) | 1,279,978€ | -5.5% | 47 | 0.5% |
| 402016: rank 30 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 1,273,867€ | +10.5% | 16 | 0.5% |
| 412016: rank 29 | Debt Management Project i Montenegro Hospitality · Nikšić | 02836688Income statement (PDF) | 1,256,598€ | 0.0% | 1 | 0.5% |
| 422016: rank 46 | Canne Montenegro Hospitality · Budva | 03098320Income statement (PDF) | 1,238,033€ | +49.6% | 14 | 0.5% |
| 432016: rank 27 | Vučje Hospitality · Nikšić | 02770156Income statement (PDF) | 1,228,497€ | -12.0% | 43 | 0.5% |
| 442016: rank 73 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,218,015€ | +207.7% | 22 | 0.5% |
| 452016: rank 35 | Sato Hospitality · Bar | 02924919Income statement (PDF) | 1,216,809€ | +14.9% | 13 | 0.5% |
| 462016: rank 173 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 1,164,966€ | +955.0% | 70 | 0.5% |
| 472016: rank 122 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 1,156,415€ | +489.7% | 46 | 0.5% |
| 482016: rank 67 | Gospoština Lux Hospitality · Budva | 03037029Income statement (PDF) | 1,150,359€ | +172.9% | 30 | 0.5% |
| 492016: rank 32 | Unique Projects Hospitality · Kotor | 02773228Income statement (PDF) | 1,136,670€ | +1.6% | 26 | 0.5% |
| 502016: rank 39 | Helios Promet Hospitality · Budva | 02054132Income statement (PDF) | 1,096,436€ | +11.3% | 12 | 0.4% |
Showing 1–50 · top 50 of 448 companies
This ranking contains 50 records for 2017, ordered by revenue after applying data-quality eligibility rules.
The leading record is HOTELSKA GRUPA "BUDVANSKA RIVIJERA" A.D. - BUDVA; placement is determined by revenue, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology