Hotels in Montenegro ranked by revenue 2023. This 2023 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2023, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12022: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 54,675,604€ | +51.4% | 93 | 10.0% |
| 22022: rank 2 | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | 32,803,271€ | +31.8% | 326 | 6.0% |
| 32022: rank 3 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 27,290,104€ | +26.0% | 554 | 5.0% |
| 42022: rank 4 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 24,416,873€ | +25.0% | 595 | 4.4% |
| 52022: rank 18 | Krolbay Hospitality · Podgorica | 03266567Income statement (PDF) | 23,954,625€ | +368.5% | 188 | 4.4% |
| 62022: rank 7 | Carine Hospitality · Podgorica | 02094754Income statement (PDF) | 21,185,753€ | +46.6% | 218 | 3.9% |
| 72022: rank 8 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 17,351,078€ | +23.4% | 204 | 3.2% |
| 82022: rank 9 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 13,037,459€ | +9.1% | 69 | 2.4% |
| 92022: rank 11 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 11,272,384€ | +26.1% | 161 | 2.1% |
| 102022: rank 10 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 10,875,398€ | +11.9% | 177 | 2.0% |
| 112022: rank 12 | Nemesis Hospitality · Danilovgrad | 02636603Income statement (PDF) | 10,339,839€ | +26.0% | 265 | 1.9% |
| 122022: rank 14 | Recreatours Hospitality · Bar | 02672227Income statement (PDF) | 9,554,574€ | +49.7% | 89 | 1.7% |
| 132022: rank 6 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 9,456,653€ | -35.7% | 167 | 1.7% |
| 142022: rank 13 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 7,928,650€ | +18.5% | 157 | 1.4% |
| 152022: rank 15 | Spencer&Hill Team Hospitality · Budva | 03161382Income statement (PDF) | 6,896,180€ | +15.3% | 187 | 1.3% |
| 162022: rank 16 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 6,584,100€ | +13.5% | 100 | 1.2% |
| 172022: rank 21 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 6,234,251€ | +40.3% | 159 | 1.1% |
| 182022: rank 17 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 6,008,553€ | +6.7% | 82 | 1.1% |
| 192022: rank 44 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 5,833,061€ | +182.6% | 48 | 1.1% |
| 202022: rank 19 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 5,783,806€ | +14.3% | 121 | 1.1% |
| 212022: rank 22 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 5,397,373€ | +31.1% | 134 | 1.0% |
| 222022: rank 28 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 4,891,092€ | +59.9% | 28 | 0.9% |
| 232022: rank 25 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 4,727,702€ | +30.9% | 55 | 0.9% |
| 242022: rank 24 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 4,580,929€ | +25.3% | 91 | 0.8% |
| 252022: rank 29 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 4,568,944€ | +51.5% | 60 | 0.8% |
| 262022: rank 23 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 4,163,893€ | +2.8% | 99 | 0.8% |
| 272022: rank 51 | Recreatours Hospitality · Budva | 02672375Income statement (PDF) | 4,101,102€ | +146.0% | 39 | 0.7% |
| 282022: rank 26 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 4,035,998€ | +29.1% | 58 | 0.7% |
| 292022: rank 31 | Perla Hospitality · Herceg Novi | 02332841Income statement (PDF) | 3,770,480€ | +33.7% | 74 | 0.7% |
| 302022: rank 93 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 3,741,131€ | +390.7% | 17 | 0.7% |
| 312022: rank 30 | Talija Company Hospitality · Herceg Novi | 02695138Income statement (PDF) | 3,729,015€ | +26.9% | 103 | 0.7% |
| 322022: rank 27 | Kastel Hospitality · Podgorica | 02465787Income statement (PDF) | 3,649,542€ | +18.8% | 46 | 0.7% |
| 332022: rank 34 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 3,545,977€ | +35.9% | 84 | 0.6% |
| 342022: rank 35 | Jadran Hospitality · Kotor | 02013177Income statement (PDF) | 3,512,002€ | +36.0% | 73 | 0.6% |
| 352022: rank 114 | Montenegro Premier Hospitality · Podgorica | 02438496Income statement (PDF) | 3,402,223€ | +554.2% | 3 | 0.6% |
| 362022: rank 40 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 3,177,163€ | +46.4% | 80 | 0.6% |
| 372022: rank 39 | Mibost-Joketić Hospitality · Kotor | 02218089Income statement (PDF) | 2,758,461€ | +23.5% | 44 | 0.5% |
| 382022: rank 5 | Crna Gora Hospitality · Podgorica | 02046024Income statement (PDF) | 2,724,351€ | -85.7% | 4 | 0.5% |
| 392022: rank 45 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 2,653,920€ | +32.1% | 49 | 0.5% |
| 402022: rank 42 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 2,589,095€ | +21.8% | 71 | 0.5% |
| 412022: rank 46 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 2,491,356€ | +25.8% | 79 | 0.5% |
| 422022: rank 41 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 2,467,603€ | +14.2% | 60 | 0.4% |
| 432022: rank 33 | Poseidon Hospitality · Budva | 02832224Income statement (PDF) | 2,453,998€ | -8.8% | 47 | 0.4% |
| 442022: rank 67 | Amelino Hospitality · Ulcinj | 02396475Income statement (PDF) | 2,414,896€ | +88.8% | 13 | 0.4% |
| 452022: rank 37 | Privredno Društvo B & B Group Hospitality · Podgorica | 03120848Income statement (PDF) | 2,387,314€ | +0.0% | 16 | 0.4% |
| 462022: rank 36 | Aria Hospitality · Zeta | 02154226Income statement (PDF) | 2,377,941€ | -0.7% | 48 | 0.4% |
| 47Not in the top 200 in 2022. | Farro Mne Hospitality · Budva | 03462188Income statement (PDF) | 2,367,604€ | +47,252.1% | 3 | 0.4% |
| 482022: rank 43 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 2,275,565€ | +8.5% | 58 | 0.4% |
| 492022: rank 47 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 2,234,286€ | +21.7% | 35 | 0.4% |
| 50Not in the top 200 in 2022. | Tara Hotel Hospitality · Budva | 03039510Income statement (PDF) | 2,215,228€ | +2,307,429.2% | 56 | 0.4% |
Showing 1–50 · top 50 of 759 companies
This ranking contains 50 records for 2023, 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