Hotels in Montenegro ranked by revenue 2021. This 2021 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2021, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12020: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 32,337,260€ | +91.3% | 70 | 10.9% |
| 2Not in the top 200 in 2020. | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | 19,116,576€ | +190,760.4% | 279 | 6.4% |
| 32020: rank 2 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 16,649,206€ | +106.2% | 454 | 5.6% |
| 42020: rank 11 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 11,717,119€ | +295.4% | 412 | 3.9% |
| 52020: rank 8 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 10,269,183€ | +238.1% | 176 | 3.5% |
| 62020: rank 4 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 8,237,965€ | +114.7% | 71 | 2.8% |
| 72020: rank 13 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 7,413,333€ | +215.9% | 70 | 2.5% |
| 82020: rank 20 | Carine Hospitality · Podgorica | 02094754Income statement (PDF) | 7,321,991€ | +352.1% | 125 | 2.5% |
| 92020: rank 18 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 6,502,011€ | +285.3% | 93 | 2.2% |
| 102020: rank 7 | Nemesis Hospitality · Danilovgrad | 02636603Income statement (PDF) | 5,343,519€ | +72.5% | 167 | 1.8% |
| 112020: rank 21 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 5,280,918€ | +276.3% | 141 | 1.8% |
| 122020: rank 9 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 4,939,426€ | +63.3% | 132 | 1.7% |
| 132020: rank 28 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 4,928,992€ | +329.0% | 121 | 1.7% |
| 142020: rank 15 | Spencer&Hill Team Hospitality · Budva | 03161382Income statement (PDF) | 4,186,100€ | +106.8% | 165 | 1.4% |
| 152020: rank 69 | Recreatours Hospitality · Bar | 02672227Income statement (PDF) | 3,894,085€ | +788.3% | 54 | 1.3% |
| 162020: rank 30 | Krolbay Hospitality · Podgorica | 03266567Income statement (PDF) | 3,874,122€ | +285.5% | 96 | 1.3% |
| 172020: rank 23 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 3,532,395€ | +166.3% | 78 | 1.2% |
| 182020: rank 114 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 3,510,010€ | +2,368.4% | 73 | 1.2% |
| 192020: rank 19 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 3,460,188€ | +107.8% | 20 | 1.2% |
| 202020: rank 24 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 3,064,908€ | +138.0% | 44 | 1.0% |
| 212020: rank 14 | Normal Tours Hospitality · Podgorica | 02401690Income statement (PDF) | 2,806,017€ | +36.6% | 1 | 0.9% |
| 222020: rank 5 | Sunraf Beach Properties Hospitality · Budva | 03156745Income statement (PDF) | 2,783,152€ | -21.8% | 2 | 0.9% |
| 232020: rank 36 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 2,770,959€ | +214.5% | 70 | 0.9% |
| 242020: rank 29 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 2,570,284€ | +135.7% | 90 | 0.9% |
| 252020: rank 39 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 2,560,925€ | +193.9% | 38 | 0.9% |
| 262020: rank 46 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 2,534,721€ | +276.2% | 16 | 0.9% |
| 272020: rank 75 | Jadran Hospitality · Kotor | 02013177Income statement (PDF) | 2,130,561€ | +430.1% | 29 | 0.7% |
| 282020: rank 3 | Overseas Assets Managment Hospitality · Podgorica | 02424614Income statement (PDF) | 2,104,342€ | -47.0% | 2 | 0.7% |
| 292020: rank 25 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 2,093,285€ | +65.8% | 75 | 0.7% |
| 302020: rank 17 | Sea Trade Hospitality · Tivat | 02669935Income statement (PDF) | 2,075,947€ | +12.1% | 1 | 0.7% |
| 312020: rank 34 | Talija Company Hospitality · Herceg Novi | 02695138Income statement (PDF) | 1,990,322€ | +118.6% | 56 | 0.7% |
| 322020: rank 35 | Perla Hospitality · Herceg Novi | 02332841Income statement (PDF) | 1,954,425€ | +120.6% | 68 | 0.7% |
| 332020: rank 41 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 1,871,210€ | +159.7% | 72 | 0.6% |
| 342020: rank 85 | Poseidon Hospitality · Budva | 02832224Income statement (PDF) | 1,721,303€ | +448.2% | 22 | 0.6% |
| 352020: rank 54 | Kastel Hospitality · Podgorica | 02465787Income statement (PDF) | 1,711,241€ | +209.5% | 34 | 0.6% |
| 362020: rank 32 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 1,698,400€ | +76.2% | 59 | 0.6% |
| 372020: rank 26 | Aria Hospitality · Zeta | 02154226Income statement (PDF) | 1,697,973€ | +38.5% | 51 | 0.6% |
| 382020: rank 43 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 1,650,941€ | +131.5% | 57 | 0.6% |
| 392020: rank 74 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,585,703€ | +290.7% | 47 | 0.5% |
| 402020: rank 174 | Diki Hospitality · Podgorica | 03116760Income statement (PDF) | 1,557,226€ | +2,566.2% | 6 | 0.5% |
| 412020: rank 96 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 1,541,943€ | +701.5% | 64 | 0.5% |
| 422020: rank 106 | Privredno Društvo B & B Group Hospitality · Podgorica | 03120848Income statement (PDF) | 1,513,500€ | +864.0% | 8 | 0.5% |
| 432020: rank 49 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 1,480,377€ | +146.0% | 72 | 0.5% |
| 442020: rank 22 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 1,452,076€ | +4.1% | 62 | 0.5% |
| 452020: rank 12 | Gufo Hospitality · Podgorica | 02140845Income statement (PDF) | 1,432,207€ | -47.2% | 5 | 0.5% |
| 462020: rank 66 | Mibost-Joketić Hospitality · Kotor | 02218089Income statement (PDF) | 1,399,244€ | +202.2% | 29 | 0.5% |
| 472020: rank 47 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 1,396,540€ | +123.3% | 70 | 0.5% |
| 482020: rank 52 | Ruža Vjetrova Hospitality · Bar | 02172879Income statement (PDF) | 1,396,461€ | +148.3% | 31 | 0.5% |
| 492020: rank 37 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 1,375,481€ | +56.6% | 51 | 0.5% |
| 502020: rank 70 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 1,367,728€ | +212.6% | 70 | 0.5% |
Showing 1–50 · top 50 of 614 companies
This ranking contains 50 records for 2021, 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