Hotels in Montenegro ranked by revenue 2018. This 2018 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2018, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12017: rank 3 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 33,289,973€ | +73.2% | 88 | 11.0% |
| 22017: rank 1 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 21,573,443€ | +5.5% | 585 | 7.2% |
| 32017: rank 2 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 20,724,341€ | +3.8% | 650 | 6.9% |
| 42017: rank 4 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 13,990,915€ | +7.7% | 214 | 4.6% |
| 52017: rank 6 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 12,940,246€ | +9.7% | 280 | 4.3% |
| 62017: rank 5 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 11,831,009€ | -0.1% | 93 | 3.9% |
| 72017: rank 7 | Carine Hospitality · Podgorica | 02094754Income statement (PDF) | 8,082,727€ | +30.6% | 70 | 2.7% |
| 82017: rank 9 | Nemesis Hospitality · Danilovgrad | 02636603Income statement (PDF) | 5,685,117€ | +23.9% | 169 | 1.9% |
| 92017: rank 10 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 5,571,654€ | +24.8% | 145 | 1.8% |
| 102017: rank 12 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 4,515,775€ | +17.5% | 18 | 1.5% |
| 112017: rank 13 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 4,371,918€ | +15.5% | 118 | 1.4% |
| 122017: rank 11 | Export -Import VST Trend Hospitality · Nikšić | 02330857Income statement (PDF) | 4,302,554€ | +4.5% | 19 | 1.4% |
| 13Not in the top 200 in 2017. | Spencer&Hill Team Hospitality · Budva | 03161382Income statement (PDF) | 4,271,542€ | +7,968.5% | 118 | 1.4% |
| 14Not in the top 200 in 2017. | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 4,215,693€ | No meaningful percentage: the 2017 or current value is zero, negative, unknown or unreliable. | 148 | 1.4% |
| 152017: rank 15 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 3,640,160€ | +21.0% | 57 | 1.2% |
| 162017: rank 14 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 3,623,542€ | +9.3% | 89 | 1.2% |
| 172017: rank 17 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 3,238,966€ | +24.3% | 56 | 1.1% |
| 182017: rank 16 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 3,147,024€ | +7.0% | 76 | 1.0% |
| 192017: rank 19 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 3,105,009€ | +30.4% | 86 | 1.0% |
| 202017: rank 44 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 2,991,950€ | +145.6% | 76 | 1.0% |
| 212017: rank 18 | Applicon Tours Montenegro Hospitality · Budva | 03066827Income statement (PDF) | 2,551,448€ | +1.6% | 20 | 0.8% |
| 22Not in the top 200 in 2017. | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 2,497,878€ | No meaningful percentage: the 2017 or current value is zero, negative, unknown or unreliable. | 64 | 0.8% |
| 232017: rank 24 | Ruža Vjetrova Hospitality · Bar | 02172879Income statement (PDF) | 2,397,292€ | +14.3% | 47 | 0.8% |
| 242017: rank 21 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 2,363,811€ | +7.6% | 57 | 0.8% |
| 252017: rank 74 | Zaliv MN Hospitality · Tivat | 03117600Income statement (PDF) | 2,272,054€ | +288.5% | 77 | 0.8% |
| 262017: rank 23 | Euromix-Trade Hospitality · Podgorica | 02714884Income statement (PDF) | 2,233,962€ | +5.9% | 18 | 0.7% |
| 272017: rank 20 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 2,217,431€ | -1.9% | 95 | 0.7% |
| 282017: rank 25 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 2,214,017€ | +8.7% | 17 | 0.7% |
| 292017: rank 27 | Mibost-Joketić Hospitality · Kotor | 02218089Income statement (PDF) | 2,072,696€ | +11.5% | 40 | 0.7% |
| 302017: rank 35 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 2,046,485€ | +28.1% | 52 | 0.7% |
| 312017: rank 36 | Perla Hospitality · Herceg Novi | 02332841Income statement (PDF) | 1,971,675€ | +26.9% | 62 | 0.7% |
| 322017: rank 30 | Aria Hospitality · Zeta | 02154226Income statement (PDF) | 1,956,402€ | +10.1% | 55 | 0.6% |
| 332017: rank 29 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 1,931,440€ | +7.1% | 67 | 0.6% |
| 34Not in the top 200 in 2017. | Signature Investments Montenegro Hospitality · Herceg Novi | 02901242Income statement (PDF) | 1,810,031€ | +45,250,675.0% | 2 | 0.6% |
| 352017: rank 28 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 1,760,104€ | -4.1% | 69 | 0.6% |
| 362017: rank 31 | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 1,733,816€ | +3.0% | 30 | 0.6% |
| 372017: rank 22 | Crna Gora Hospitality · Podgorica | 02046024Income statement (PDF) | 1,719,936€ | -21.5% | 65 | 0.6% |
| 382017: rank 47 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 1,706,436€ | +47.6% | 70 | 0.6% |
| 392017: rank 33 | Trend Korali Hospitality · Bar | 02774852Income statement (PDF) | 1,701,695€ | +1.5% | 51 | 0.6% |
| 402017: rank 32 | Montenegro Premier Hospitality · Podgorica | 02438496Income statement (PDF) | 1,686,550€ | +0.6% | 56 | 0.6% |
| 412017: rank 26 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 1,667,725€ | -13.7% | 25 | 0.6% |
| 422017: rank 37 | Kastel Hospitality · Podgorica | 02465787Income statement (PDF) | 1,657,395€ | +15.4% | 24 | 0.5% |
| 432017: rank 38 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 1,636,124€ | +20.8% | 73 | 0.5% |
| 44Not in the top 200 in 2017. | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 1,634,006€ | No meaningful percentage: the 2017 or current value is zero, negative, unknown or unreliable. | 39 | 0.5% |
| 452017: rank 34 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 1,629,507€ | -0.4% | 59 | 0.5% |
| 462017: rank 48 | Gospoština Lux Hospitality · Budva | 03037029Income statement (PDF) | 1,455,791€ | +26.6% | 33 | 0.5% |
| 472017: rank 49 | Unique Projects Hospitality · Kotor | 02773228Income statement (PDF) | 1,389,702€ | +22.3% | 30 | 0.5% |
| 482017: rank 8 | Sea Trade Hospitality · Tivat | 02669935Income statement (PDF) | 1,389,044€ | -71.2% | 2 | 0.5% |
| 492017: rank 146 | Overseas Assets Managment Hospitality · Podgorica | 02424614Income statement (PDF) | 1,372,586€ | +636.1% | 2 | 0.5% |
| 502017: rank 52 | Talija Company Hospitality · Herceg Novi | 02695138Income statement (PDF) | 1,345,438€ | +35.6% | 32 | 0.4% |
Showing 1–50 · top 50 of 510 companies
This ranking contains 50 records for 2018, 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