Hotels in Montenegro ranked by revenue 2024. This 2024 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2024, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12023: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 79,955,659€ | +46.2% | 118 | 12.2% |
| 22023: rank 2 | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | 37,890,339€ | +15.5% | 356 | 5.8% |
| 3Not in the top 200 in 2023. | Zeta Film Hospitality · Budva | 02005263Income statement (PDF) | 34,065,008€ | +14,570.2% | 5 | 5.2% |
| 42023: rank 3 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 29,348,516€ | +7.5% | 558 | 4.5% |
| 52023: rank 4 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 27,415,503€ | +12.3% | 588 | 4.2% |
| 62023: rank 6 | Carine Hospitality · Podgorica | 02094754Income statement (PDF) | 22,759,974€ | +7.4% | 237 | 3.5% |
| 72023: rank 7 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 18,884,529€ | +8.8% | 216 | 2.9% |
| 82023: rank 5 | Krolbay Hospitality · Podgorica | 03266567Income statement (PDF) | 15,777,616€ | -34.1% | 231 | 2.4% |
| 92023: rank 9 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 13,815,152€ | +22.6% | 188 | 2.1% |
| 102023: rank 8 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 13,715,213€ | +5.2% | 71 | 2.1% |
| 112023: rank 13 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 11,375,036€ | +20.3% | 175 | 1.7% |
| 122023: rank 10 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 10,668,223€ | -1.9% | 145 | 1.6% |
| 132023: rank 11 | Nemesis Hospitality · Danilovgrad | 02636603Income statement (PDF) | 10,634,731€ | +2.9% | 265 | 1.6% |
| 142023: rank 12 | Recreatours Hospitality · Bar | 02672227Income statement (PDF) | 10,599,351€ | +10.9% | 93 | 1.6% |
| 152023: rank 26 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 9,734,436€ | +133.8% | 100 | 1.5% |
| 162023: rank 14 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 8,474,082€ | +6.9% | 127 | 1.3% |
| 172023: rank 17 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 7,744,253€ | +24.2% | 185 | 1.2% |
| 182023: rank 15 | Spencer&Hill Team Hospitality · Budva | 03161382Income statement (PDF) | 7,390,049€ | +7.2% | 262 | 1.1% |
| 192023: rank 16 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 7,237,834€ | +9.9% | 105 | 1.1% |
| 202023: rank 18 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 6,565,764€ | +9.3% | 86 | 1.0% |
| 212023: rank 20 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 6,529,640€ | +12.9% | 126 | 1.0% |
| 222023: rank 34 | Jadran Hospitality · Kotor | 02013177Income statement (PDF) | 5,770,921€ | +64.3% | 76 | 0.9% |
| 232023: rank 21 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 5,518,457€ | +2.2% | 144 | 0.8% |
| 242023: rank 50 | Tara Hotel Hospitality · Budva | 03039510Income statement (PDF) | 5,310,364€ | +139.7% | 48 | 0.8% |
| 252023: rank 23 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 5,309,863€ | +12.3% | 87 | 0.8% |
| 262023: rank 25 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 4,490,868€ | -1.7% | 14 | 0.7% |
| 272023: rank 33 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 4,396,248€ | +24.0% | 96 | 0.7% |
| 282023: rank 24 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 4,394,768€ | -4.1% | 120 | 0.7% |
| 292023: rank 31 | Talija Company Hospitality · Herceg Novi | 02695138Income statement (PDF) | 4,270,752€ | +14.5% | 101 | 0.7% |
| 302023: rank 27 | Recreatours Hospitality · Budva | 02672375Income statement (PDF) | 4,194,859€ | +2.3% | 40 | 0.6% |
| 312023: rank 36 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 4,115,340€ | +29.5% | 89 | 0.6% |
| 322023: rank 28 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 3,761,158€ | -6.8% | 59 | 0.6% |
| 332023: rank 32 | Kastel Hospitality · Podgorica | 02465787Income statement (PDF) | 3,745,561€ | +2.6% | 52 | 0.6% |
| 342023: rank 55 | Queen Hotel Hospitality · Podgorica | 03559629Income statement (PDF) | 3,581,708€ | +84.6% | 29 | 0.5% |
| 352023: rank 29 | Perla Hospitality · Herceg Novi | 02332841Income statement (PDF) | 3,487,167€ | -7.5% | 75 | 0.5% |
| 362023: rank 39 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 3,123,449€ | +17.7% | 61 | 0.5% |
| 372023: rank 37 | Mibost-Joketić Hospitality · Kotor | 02218089Income statement (PDF) | 3,011,689€ | +9.2% | 34 | 0.5% |
| 382023: rank 41 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 2,961,680€ | +18.9% | 83 | 0.5% |
| 392023: rank 43 | Poseidon Hospitality · Budva | 02832224Income statement (PDF) | 2,744,745€ | +11.8% | 55 | 0.4% |
| 402023: rank 40 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 2,721,571€ | +5.1% | 73 | 0.4% |
| 41Not in the top 200 in 2023. | Sea Star Hotels Hospitality · Budva | 03537714Income statement (PDF) | 2,689,379€ | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 30 | 0.4% |
| 422023: rank 46 | Aria Hospitality · Zeta | 02154226Income statement (PDF) | 2,600,726€ | +9.4% | 50 | 0.4% |
| 432023: rank 48 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 2,584,095€ | +13.6% | 57 | 0.4% |
| 442023: rank 51 | Sato Hospitality · Bar | 02924919Income statement (PDF) | 2,526,105€ | +18.9% | 40 | 0.4% |
| 452023: rank 22 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 2,468,588€ | -49.5% | 30 | 0.4% |
| 462023: rank 49 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 2,435,049€ | +9.0% | 40 | 0.4% |
| 472023: rank 116 | Mamula Hotel Operating Company Hospitality · Tivat | 03396592Income statement (PDF) | 2,420,221€ | +285.6% | 60 | 0.4% |
| 482023: rank 42 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 2,360,243€ | -4.4% | 50 | 0.4% |
| 492023: rank 66 | Globalis Hospitality · Nikšić | 03158659Income statement (PDF) | 2,324,326€ | +36.6% | 30 | 0.4% |
| 502023: rank 44 | Amelino Hospitality · Ulcinj | 02396475Income statement (PDF) | 2,323,569€ | -3.8% | 12 | 0.4% |
Showing 1–50 · top 50 of 818 companies
This ranking contains 50 records for 2024, 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