Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2017. This 2017 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 2017, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12016: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 2,135€ | +42.6% | 19,223,405€ | 47 |
| 22016: rank 3 | Montenegro Hospitality Group Hospitality · Tivat | 03066614Income statement (PDF) | 1,963€ | +54.8% | 606,727€ | 17 |
| 32016: rank 11 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,062€ | +31.1% | 11,840,549€ | 103 |
| 42016: rank 9 | Export -Import VST Trend Hospitality · Nikšić | 02330857Income statement (PDF) | 1,032€ | +18.8% | 4,119,223€ | 19 |
| 52016: rank 10 | Hotel Splendido Management Company Hospitality · Kotor | 02834545Income statement (PDF) | 1,013€ | +16.7% | 421,167€ | 11 |
| 62016: rank 12 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 910€ | +12.5% | 1,933,307€ | 15 |
| 72016: rank 42 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 905€ | +75.0% | 2,381,087€ | 97 |
| 82016: rank 18 | Recreatours Hospitality · Bar | 02672227Income statement (PDF) | 864€ | +18.0% | 1,034,074€ | 22 |
| 92016: rank 25 | MMK Standard Hospitality · Nikšić | 02100134Income statement (PDF) | 862€ | +31.6% | 452,090€ | 13 |
| 102016: rank 7 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 842€ | -3.6% | 11,795,329€ | 245 |
| 11Not in the top 200 in 2016. | Hippo Campus Hospitality · Kotor | 02727757Income statement (PDF) | 797€ | No meaningful percentage: the 2016 or current value is zero, negative, unknown or unreliable. | 352,642€ | 12 |
| 122016: rank 15 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 766€ | -3.4% | 19,960,484€ | 661 |
| 132016: rank 17 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 760€ | +3.8% | 20,455,355€ | 542 |
| 142016: rank 14 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 753€ | -5.8% | 4,466,222€ | 152 |
| 15Not in the top 200 in 2016. | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 750€ | +138.9% | 1,218,015€ | 22 |
| 162016: rank 31 | Becovic Menagement Group Hospitality · Ulcinj | 02440059Income statement (PDF) | 740€ | +25.4% | 886,591€ | 27 |
| 172016: rank 23 | Banfi Hospitality · Kotor | 02082586Income statement (PDF) | 737€ | +9.2% | 489,411€ | 12 |
| 182016: rank 16 | Hotel Sidro Hospitality · Bar | 02784998Income statement (PDF) | 736€ | -0.5% | 553,834€ | 31 |
| 192016: rank 28 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 692€ | +12.9% | 1,273,867€ | 16 |
| 202016: rank 2 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 686€ | -46.4% | 3,844,072€ | 15 |
| 212016: rank 32 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 681€ | +19.5% | 1,635,311€ | 71 |
| 222016: rank 22 | Trend Korali Hospitality · Bar | 02774852Income statement (PDF) | 677€ | -4.4% | 1,677,314€ | 55 |
| 232016: rank 171 | Le Petit Chateau Hospitality · Bar | 02876230Income statement (PDF) | 675€ | No meaningful percentage: the 2016 or current value is zero, negative, unknown or unreliable. | 485,964€ | 19 |
| 242016: rank 108 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 665€ | No meaningful percentage: the 2016 or current value is zero, negative, unknown or unreliable. | 1,164,966€ | 70 |
| 252016: rank 43 | York Hotels & Resorts Hospitality · Kolašin | 03086968Income statement (PDF) | 658€ | +28.5% | 697,456€ | 52 |
| 262016: rank 67 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 646€ | +67.4% | 1,597,462€ | 35 |
| 272016: rank 19 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 646€ | -10.2% | 2,606,265€ | 56 |
| 282016: rank 69 | SDS Company Hospitality · Tivat | 02857987Income statement (PDF) | 644€ | +69.0% | 207,856€ | 11 |
| 292016: rank 30 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 639€ | +7.0% | 12,985,778€ | 202 |
| 302016: rank 132 | Mediterantours Hospitality · Budva | 02928230Income statement (PDF) | 638€ | No meaningful percentage: the 2016 or current value is zero, negative, unknown or unreliable. | 4,741,056€ | 138 |
| 312016: rank 27 | Vučje Hospitality · Nikšić | 02770156Income statement (PDF) | 635€ | +1.8% | 1,228,497€ | 43 |
| 322016: rank 24 | Podcafe F&B Hospitality · Podgorica | 03017982Income statement (PDF) | 634€ | -4.9% | 1,176,272€ | 39 |
| 332016: rank 97 | Ruža Vjetrova Hospitality · Bar | 02172879Income statement (PDF) | 634€ | +102.6% | 2,097,285€ | 44 |
| 342016: rank 21 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 626€ | -12.2% | 2,260,148€ | 91 |
| 352016: rank 51 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 622€ | +34.6% | 1,835,852€ | 62 |
| 362016: rank 57 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 617€ | +46.2% | 3,009,380€ | 52 |
| 372016: rank 20 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 612€ | -14.2% | 3,785,371€ | 99 |
| 382016: rank 34 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 604€ | +9.4% | 3,315,586€ | 173 |
| 392016: rank 111 | Canne Montenegro Hospitality · Budva | 03098320Income statement (PDF) | 595€ | No meaningful percentage: the 2016 or current value is zero, negative, unknown or unreliable. | 1,238,033€ | 14 |
| 402016: rank 29 | Pio Hospitality · Ulcinj | 02456010Income statement (PDF) | 593€ | -1.5% | 924,341€ | 45 |
| 412016: rank 4 | Almeco Hospitality · Podgorica | 02707233Income statement (PDF) | 584€ | -50.0% | 621,312€ | 14 |
| 422016: rank 26 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 576€ | -8.6% | 2,939,904€ | 98 |
| 432016: rank 40 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 566€ | +8.4% | 1,354,332€ | 64 |
| 44Not in the top 200 in 2016. | Crna Gora Hospitality · Podgorica | 02046024Income statement (PDF) | 553€ | No meaningful percentage: the 2016 or current value is zero, negative, unknown or unreliable. | 2,191,559€ | 90 |
| 452016: rank 35 | A L B A T R o S Hospitality · Ulcinj | 02006154Income statement (PDF) | 547€ | +1.5% | 742,860€ | 49 |
| 462016: rank 53 | Pippo's Yacht Supplies Hospitality · Tivat | 02776081Income statement (PDF) | 542€ | +18.3% | 1,244,976€ | 28 |
| 47Not in the top 200 in 2016. | I N C Hospitality · Budva | 02425912Income statement (PDF) | 536€ | +8.9% | 877,241€ | 24 |
| 482016: rank 37 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 532€ | -0.7% | 1,803,433€ | 74 |
| 492016: rank 39 | Šebelj Hospitality · Budva | 02370204Income statement (PDF) | 532€ | +1.3% | 233,908€ | 10 |
| 502016: rank 33 | Mimoza Hospitality · Tivat | 02008564Income statement (PDF) | 531€ | -5.3% | 1,279,978€ | 47 |
Showing 1–50 · top 50 of 217 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 2017, 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