Hotels in Montenegro ranked by revenue 2019. This 2019 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2019, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12018: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 27,546,333€ | -17.3% | 97 | 7.8% |
| 22018: rank 2 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 21,556,932€ | -0.1% | 599 | 6.1% |
| 32018: rank 3 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 20,370,165€ | -1.7% | 619 | 5.8% |
| 42018: rank 4 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 14,558,435€ | +4.1% | 210 | 4.1% |
| 52018: rank 5 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 13,782,194€ | +6.5% | 233 | 3.9% |
| 62018: rank 6 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 12,178,462€ | +2.9% | 118 | 3.5% |
| 7Not in the top 200 in 2018. | Zlatna Obala Mne Hospitality · Bar | 02938472Income statement (PDF) | 9,526,781€ | +17,775.2% | 4 | 2.7% |
| 82018: rank 7 | Carine Hospitality · Podgorica | 02094754Income statement (PDF) | 9,016,182€ | +11.5% | 79 | 2.6% |
| 92018: rank 14 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 8,210,015€ | +94.7% | 197 | 2.3% |
| 102018: rank 48 | Sea Trade Hospitality · Tivat | 02669935Income statement (PDF) | 7,253,040€ | +422.2% | 2 | 2.1% |
| 112018: rank 9 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 6,401,501€ | +14.9% | 149 | 1.8% |
| 122018: rank 8 | Nemesis Hospitality · Danilovgrad | 02636603Income statement (PDF) | 6,389,716€ | +12.4% | 210 | 1.8% |
| 132018: rank 11 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 5,635,232€ | +28.9% | 98 | 1.6% |
| 142018: rank 13 | Spencer&Hill Team Hospitality · Budva | 03161382Income statement (PDF) | 5,419,986€ | +26.9% | 176 | 1.5% |
| 152018: rank 20 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 4,757,245€ | +59.0% | 79 | 1.4% |
| 162018: rank 22 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 4,613,290€ | +84.7% | 96 | 1.3% |
| 172018: rank 10 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 4,293,190€ | -4.9% | 16 | 1.2% |
| 182018: rank 12 | Export -Import VST Trend Hospitality · Nikšić | 02330857Income statement (PDF) | 4,273,631€ | -0.7% | 30 | 1.2% |
| 19Not in the top 200 in 2018. | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 4,191,935€ | No meaningful percentage: the 2018 or current value is zero, negative, unknown or unreliable. | 132 | 1.2% |
| 202018: rank 70 | Sunraf Beach Properties Hospitality · Budva | 03156745Income statement (PDF) | 4,156,932€ | +424.2% | 1 | 1.2% |
| 212018: rank 15 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 3,557,414€ | -2.3% | 62 | 1.0% |
| 222018: rank 19 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 3,383,143€ | +9.0% | 89 | 1.0% |
| 232018: rank 44 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 3,241,528€ | +98.4% | 67 | 0.9% |
| 242018: rank 25 | Zaliv MN Hospitality · Tivat | 03117600Income statement (PDF) | 3,147,503€ | +38.5% | 95 | 0.9% |
| 252018: rank 17 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 3,112,215€ | -3.9% | 56 | 0.9% |
| 262018: rank 49 | Overseas Assets Managment Hospitality · Podgorica | 02424614Income statement (PDF) | 3,070,960€ | +123.7% | 2 | 0.9% |
| 272018: rank 21 | Applicon Tours Montenegro Hospitality · Budva | 03066827Income statement (PDF) | 3,029,891€ | +18.8% | 17 | 0.9% |
| 282018: rank 18 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 2,952,211€ | -6.2% | 71 | 0.8% |
| 292018: rank 139 | Jadran Hospitality · Kotor | 02013177Income statement (PDF) | 2,800,438€ | +908.4% | 66 | 0.8% |
| 302018: rank 31 | Perla Hospitality · Herceg Novi | 02332841Income statement (PDF) | 2,562,329€ | +30.0% | 75 | 0.7% |
| 312018: rank 24 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 2,505,375€ | +6.0% | 57 | 0.7% |
| 322018: rank 27 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 2,498,426€ | +12.7% | 97 | 0.7% |
| 332018: rank 23 | Ruža Vjetrova Hospitality · Bar | 02172879Income statement (PDF) | 2,319,485€ | -3.2% | 47 | 0.7% |
| 342018: rank 50 | Talija Company Hospitality · Herceg Novi | 02695138Income statement (PDF) | 2,282,930€ | +69.7% | 65 | 0.6% |
| 352018: rank 33 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 2,236,995€ | +15.8% | 72 | 0.6% |
| 362018: rank 29 | Mibost-Joketić Hospitality · Kotor | 02218089Income statement (PDF) | 2,224,601€ | +7.3% | 37 | 0.6% |
| 372018: rank 32 | Aria Hospitality · Zeta | 02154226Income statement (PDF) | 2,088,266€ | +6.7% | 59 | 0.6% |
| 382018: rank 26 | Euromix-Trade Hospitality · Podgorica | 02714884Income statement (PDF) | 2,029,553€ | -9.2% | 15 | 0.6% |
| 392018: rank 28 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 1,985,278€ | -10.3% | 25 | 0.6% |
| 402018: rank 35 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 1,971,736€ | +12.0% | 72 | 0.6% |
| 412018: rank 41 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 1,908,674€ | +14.4% | 25 | 0.5% |
| 422018: rank 152 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,895,270€ | +730.0% | 46 | 0.5% |
| 432018: rank 30 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 1,842,488€ | -10.0% | 69 | 0.5% |
| 442018: rank 42 | Kastel Hospitality · Podgorica | 02465787Income statement (PDF) | 1,832,207€ | +10.5% | 28 | 0.5% |
| 452018: rank 45 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 1,772,448€ | +8.8% | 56 | 0.5% |
| 462018: rank 92 | Debt Management Project i Montenegro Hospitality · Nikšić | 02836688Income statement (PDF) | 1,750,266€ | +277.0% | 1 | 0.5% |
| 472018: rank 16 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 1,733,585€ | -52.2% | 79 | 0.5% |
| 482018: rank 38 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 1,697,402€ | -0.5% | 61 | 0.5% |
| 492018: rank 37 | Crna Gora Hospitality · Podgorica | 02046024Income statement (PDF) | 1,658,948€ | -3.5% | 55 | 0.5% |
| 502018: rank 40 | Montenegro Premier Hospitality · Podgorica | 02438496Income statement (PDF) | 1,627,394€ | -3.5% | — | 0.5% |
Showing 1–50 · top 50 of 555 companies
This ranking contains 50 records for 2019, 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