Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2016. This 2016 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria. Only companies with at least 10 employees are ranked.
Archived list for 2016, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12015: rank 4 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 1,497€ | +57.7% | 202,666€ | 36 |
| 22015: rank 49 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 1,279€ | +211.2% | 3,519,067€ | 15 |
| 3Not in the top 200 in 2015. | Montenegro Hospitality Group Hospitality · Tivat | 03066614Income statement (PDF) | 1,268€ | No meaningful percentage: the 2015 or current value is zero, negative, unknown or unreliable. | 569,286€ | 17 |
| 42015: rank 109 | Almeco Hospitality · Podgorica | 02707233Income statement (PDF) | 1,167€ | No meaningful percentage: the 2015 or current value is zero, negative, unknown or unreliable. | 1,034,424€ | 19 |
| 5Not in the top 200 in 2015. | Pure Angel Hospitality · Budva | 03035115Income statement (PDF) | 999€ | +186.2% | 1,000,131€ | 20 |
| 62015: rank 3 | Riviera Management and Development Resort-RMDR Hospitality · Herceg Novi | 02402726Income statement (PDF) | 918€ | -18.2% | 798,204€ | 14 |
| 72015: rank 2 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 873€ | -45.1% | 10,053,461€ | 237 |
| 8Not in the top 200 in 2015. | Adria o Zone Hospitality · Budva | 02645947Income statement (PDF) | 872€ | -53.0% | 894,990€ | 15 |
| 92015: rank 9 | Export -Import VST Trend Hospitality · Nikšić | 02330857Income statement (PDF) | 869€ | +7.2% | 4,294,503€ | 19 |
| 102015: rank 7 | Hotel Splendido Management Company Hospitality · Kotor | 02834545Income statement (PDF) | 868€ | -2.9% | 401,622€ | 11 |
| 112015: rank 17 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 810€ | +21.8% | 11,406,505€ | 142 |
| 122015: rank 12 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 809€ | +5.1% | 1,725,460€ | 15 |
| 132015: rank 56 | Recreatours Hospitality · Budva | 02672375Income statement (PDF) | 807€ | +115.8% | 488,442€ | 10 |
| 14Not in the top 200 in 2015. | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 799€ | -48.0% | 792,245€ | 45 |
| 152015: rank 10 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 793€ | -0.1% | 18,985,679€ | 657 |
| 162015: rank 24 | Hotel Sidro Hospitality · Bar | 02784998Income statement (PDF) | 740€ | +21.5% | 594,654€ | 29 |
| 172015: rank 5 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 732€ | -21.5% | 18,578,829€ | 536 |
| 182015: rank 174 | Recreatours Hospitality · Bar | 02672227Income statement (PDF) | 732€ | No meaningful percentage: the 2015 or current value is zero, negative, unknown or unreliable. | 1,021,874€ | 22 |
| 192015: rank 43 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 719€ | +50.7% | 2,004,207€ | 56 |
| 202015: rank 37 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 713€ | +38.7% | 3,203,259€ | 130 |
| 212015: rank 13 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 713€ | -2.7% | 2,000,298€ | 86 |
| 222015: rank 21 | Trend Korali Hospitality · Bar | 02774852Income statement (PDF) | 708€ | +13.1% | 1,591,011€ | 54 |
| 232015: rank 30 | Banfi Hospitality · Kotor | 02082586Income statement (PDF) | 675€ | +21.8% | 444,609€ | 12 |
| 24Not in the top 200 in 2015. | Podcafe F&B Hospitality · Podgorica | 03017982Income statement (PDF) | 667€ | No meaningful percentage: the 2015 or current value is zero, negative, unknown or unreliable. | 926,448€ | 37 |
| 252015: rank 14 | MMK Standard Hospitality · Nikšić | 02100134Income statement (PDF) | 655€ | -7.1% | 459,483€ | 17 |
| 262015: rank 15 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 630€ | -10.0% | 2,230,417€ | 111 |
| 272015: rank 23 | Vučje Hospitality · Nikšić | 02770156Income statement (PDF) | 624€ | +1.8% | 1,396,696€ | 51 |
| 282015: rank 27 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 613€ | +8.1% | 1,152,963€ | 16 |
| 292015: rank 22 | Pio Hospitality · Ulcinj | 02456010Income statement (PDF) | 602€ | -2.3% | 917,028€ | 45 |
| 302015: rank 18 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 597€ | -10.0% | 11,538,931€ | 188 |
| 312015: rank 41 | Becovic Menagement Group Hospitality · Ulcinj | 02440059Income statement (PDF) | 590€ | +21.9% | 828,530€ | 28 |
| 32No filing for 2015. | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 570€ | No filing for 2015. | 423,228€ | 23 |
| 332015: rank 19 | Mimoza Hospitality · Tivat | 02008564Income statement (PDF) | 561€ | -14.5% | 1,355,010€ | 49 |
| 342015: rank 36 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 552€ | +4.2% | 2,859,134€ | 171 |
| 352015: rank 33 | A L B A T R o S Hospitality · Ulcinj | 02006154Income statement (PDF) | 539€ | +0.6% | 606,191€ | 47 |
| 36Not in the top 200 in 2015. | Torch Platforms Montenegro Hospitality · Podgorica | 02926202Income statement (PDF) | 538€ | +74.7% | 506,040€ | 22 |
| 372015: rank 42 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 536€ | +11.7% | 1,775,953€ | 75 |
| 382015: rank 26 | Arco-Iris Hospitality · Podgorica | 02445336Income statement (PDF) | 531€ | -8.9% | 306,006€ | 14 |
| 392015: rank 38 | Šebelj Hospitality · Budva | 02370204Income statement (PDF) | 525€ | +3.1% | 214,131€ | 10 |
| 40Not in the top 200 in 2015. | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 522€ | +8.8% | 345,439€ | 22 |
| 412015: rank 91 | Sato Hospitality · Bar | 02924919Income statement (PDF) | 519€ | +67.4% | 1,058,620€ | 12 |
| 42No filing for 2015. | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 517€ | No filing for 2015. | 333,360€ | 47 |
| 43No filing for 2015. | York Hotels & Resorts Hospitality · Kolašin | 03086968Income statement (PDF) | 512€ | No filing for 2015. | 12,981€ | 14 |
| 442015: rank 32 | Čelebić Recreativo Hospitality · Podgorica | 02878780Income statement (PDF) | 503€ | -6.7% | 1,055,016€ | 25 |
| 452015: rank 35 | Mikro-International Hospitality · Budva | 02380471Income statement (PDF) | 484€ | -9.2% | 350,050€ | 14 |
| 462015: rank 6 | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 483€ | -47.7% | 1,959,376€ | 20 |
| 472015: rank 31 | Citadel Group Hospitality · Podgorica | 02774844Income statement (PDF) | 482€ | -12.8% | 245,972€ | 10 |
| 48Not in the top 200 in 2015. | Bierhaus Hospitality · Podgorica | 03054691Income statement (PDF) | 478€ | No meaningful percentage: the 2015 or current value is zero, negative, unknown or unreliable. | 540,839€ | 15 |
| 492015: rank 40 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 464€ | -4.5% | 1,936,931€ | 46 |
| 50Not in the top 200 in 2015. | Lariđo Hospitality · Podgorica | 03049981Income statement (PDF) | 462€ | No meaningful percentage: the 2015 or current value is zero, negative, unknown or unreliable. | 664,482€ | 24 |
Showing 1–50 · top 50 of 188 companies
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
This ranking contains 50 records for 2016, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is "LUŠTICA DEVELOPMENT"AD TIVAT; placement is determined by average monthly payroll cost per employee, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology