Hotels in Montenegro ranked by revenue 2020. This 2020 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2020, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12019: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 16,902,628€ | -38.6% | 62 | 12.8% |
| 22019: rank 3 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 8,074,087€ | -60.4% | 459 | 6.1% |
| 32019: rank 26 | Overseas Assets Managment Hospitality · Podgorica | 02424614Income statement (PDF) | 3,972,756€ | +29.4% | 2 | 3.0% |
| 42019: rank 6 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 3,836,311€ | -68.5% | 95 | 2.9% |
| 52019: rank 20 | Sunraf Beach Properties Hospitality · Budva | 03156745Income statement (PDF) | 3,560,733€ | -14.3% | 2 | 2.7% |
| 62019: rank 5 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 3,400,654€ | -75.3% | 133 | 2.6% |
| 72019: rank 12 | Nemesis Hospitality · Danilovgrad | 02636603Income statement (PDF) | 3,098,365€ | -51.5% | 176 | 2.4% |
| 82019: rank 4 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 3,036,958€ | -79.1% | 129 | 2.3% |
| 92019: rank 11 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 3,025,206€ | -52.7% | 0 | 2.3% |
| 102019: rank 31 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 2,991,772€ | +19.4% | 39 | 2.3% |
| 112019: rank 2 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 2,963,561€ | -86.3% | 412 | 2.3% |
| 122019: rank 81 | Gufo Hospitality · Podgorica | 02140845Income statement (PDF) | 2,711,796€ | +260.3% | 5 | 2.1% |
| 132019: rank 15 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 2,346,454€ | -50.7% | 52 | 1.8% |
| 142019: rank 75 | Normal Tours Hospitality · Podgorica | 02401690Income statement (PDF) | 2,054,463€ | +126.5% | 1 | 1.6% |
| 152019: rank 14 | Spencer&Hill Team Hospitality · Budva | 03161382Income statement (PDF) | 2,023,860€ | -62.7% | 146 | 1.5% |
| 162019: rank 46 | Debt Management Project i Montenegro Hospitality · Nikšić | 02836688Income statement (PDF) | 1,913,986€ | +9.4% | 1 | 1.5% |
| 172019: rank 10 | Sea Trade Hospitality · Tivat | 02669935Income statement (PDF) | 1,851,384€ | -74.5% | 1 | 1.4% |
| 18No filing for 2019. | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 1,687,319€ | No filing for 2019. | 18 | 1.3% |
| 192019: rank 39 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 1,665,545€ | -16.1% | 29 | 1.3% |
| 202019: rank 8 | Carine Hospitality · Podgorica | 02094754Income statement (PDF) | 1,619,527€ | -82.0% | 89 | 1.2% |
| 212019: rank 19 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 1,403,503€ | -66.5% | 88 | 1.1% |
| 222019: rank 43 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 1,395,239€ | -24.3% | 76 | 1.1% |
| 232019: rank 13 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 1,326,380€ | -76.5% | 74 | 1.0% |
| 242019: rank 28 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 1,287,781€ | -56.4% | 49 | 1.0% |
| 252019: rank 22 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 1,262,588€ | -62.7% | 84 | 1.0% |
| 262019: rank 37 | Aria Hospitality · Zeta | 02154226Income statement (PDF) | 1,225,664€ | -41.3% | 54 | 0.9% |
| 272019: rank 50 | Montenegro Premier Hospitality · Podgorica | 02438496Income statement (PDF) | 1,203,382€ | -26.1% | 30 | 0.9% |
| 282019: rank 9 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 1,148,849€ | -86.0% | 75 | 0.9% |
| 292019: rank 25 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 1,090,292€ | -65.0% | 81 | 0.8% |
| 30Not in the top 200 in 2019. | Krolbay Hospitality · Podgorica | 03266567Income statement (PDF) | 1,004,903€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 41 | 0.8% |
| 312019: rank 133 | Sveti Stefan Hoteli Hospitality · Budva | 03275108Income statement (PDF) | 979,780€ | +188.2% | 3 | 0.7% |
| 322019: rank 40 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 964,045€ | -51.1% | 54 | 0.7% |
| 332019: rank 65 | HM Durmitor Hospitality · Žabljak | 02409798Income statement (PDF) | 944,122€ | -14.6% | 0 | 0.7% |
| 342019: rank 34 | Talija Company Hospitality · Herceg Novi | 02695138Income statement (PDF) | 910,687€ | -60.1% | 37 | 0.7% |
| 352019: rank 30 | Perla Hospitality · Herceg Novi | 02332841Income statement (PDF) | 885,766€ | -65.4% | 67 | 0.7% |
| 362019: rank 21 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 880,967€ | -75.2% | 52 | 0.7% |
| 372019: rank 48 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 878,524€ | -48.2% | 49 | 0.7% |
| 382019: rank 49 | Crna Gora Hospitality · Podgorica | 02046024Income statement (PDF) | 871,475€ | -47.5% | 55 | 0.7% |
| 392019: rank 23 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 871,414€ | -73.1% | 21 | 0.7% |
| 402019: rank 84 | Fasamo Hospitality · Podgorica | 02680017Income statement (PDF) | 743,802€ | 0.0% | 1 | 0.6% |
| 412019: rank 52 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 720,391€ | -53.1% | 56 | 0.5% |
| 422019: rank 66 | Mediterancapital Hospitality · Budva | 03158594Income statement (PDF) | 717,074€ | -34.7% | 10 | 0.5% |
| 432019: rank 45 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 713,171€ | -59.8% | 57 | 0.5% |
| 442019: rank 53 | Gospoština Lux Hospitality · Budva | 03037029Income statement (PDF) | 698,660€ | -54.4% | 30 | 0.5% |
| 452019: rank 71 | Vučje Hospitality · Nikšić | 02770156Income statement (PDF) | 675,452€ | -31.9% | 20 | 0.5% |
| 462019: rank 17 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 673,784€ | -84.3% | 13 | 0.5% |
| 472019: rank 47 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 625,354€ | -63.9% | 67 | 0.5% |
| 482019: rank 79 | Pio Hospitality · Ulcinj | 02456010Income statement (PDF) | 619,586€ | -20.9% | 28 | 0.5% |
| 492019: rank 51 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 601,723€ | -62.1% | 80 | 0.5% |
| 502019: rank 91 | Prehrana Hospitality · Pljevlja | 02015811Income statement (PDF) | 591,066€ | -8.2% | 42 | 0.4% |
Showing 1–50 · top 50 of 607 companies
This ranking contains 50 records for 2020, 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