Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2018. This 2018 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 2018, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12017: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 2,691€ | +26.0% | 33,289,973€ | 88 |
| 22017: rank 38 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 2,628€ | +335.1% | 3,623,542€ | 89 |
| 32017: rank 20 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 1,450€ | +111.4% | 4,515,775€ | 18 |
| 42017: rank 24 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 1,331€ | +100.2% | 778,514€ | 47 |
| 52017: rank 3 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,192€ | +12.2% | 11,831,009€ | 93 |
| 62017: rank 5 | Hotel Splendido Management Company Hospitality · Kotor | 02834545Income statement (PDF) | 1,077€ | +6.3% | 408,875€ | 11 |
| 72017: rank 4 | Export -Import VST Trend Hospitality · Nikšić | 02330857Income statement (PDF) | 1,032€ | 0.0% | 4,302,554€ | 19 |
| 82017: rank 2 | Montenegro Hospitality Group Hospitality · Tivat | 03066614Income statement (PDF) | 1,012€ | -48.4% | 224,823€ | 10 |
| 92017: rank 15 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 993€ | +32.4% | 2,991,950€ | 76 |
| 102017: rank 7 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 961€ | +6.2% | 3,105,009€ | 86 |
| 112017: rank 16 | Becovic Menagement Group Hospitality · Ulcinj | 02440059Income statement (PDF) | 897€ | +21.2% | 797,458€ | 20 |
| 122017: rank 27 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 860€ | +33.1% | 3,238,966€ | 56 |
| 13Not in the top 200 in 2017. | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 822€ | +120.4% | 2,497,878€ | 64 |
| 142017: rank 12 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 822€ | +7.3% | 20,724,341€ | 650 |
| 15Not in the top 200 in 2017. | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 818€ | No meaningful percentage: the 2017 or current value is zero, negative, unknown or unreliable. | 356,929€ | 39 |
| 162017: rank 10 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 804€ | -4.5% | 12,940,246€ | 280 |
| 172017: rank 21 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 792€ | +16.3% | 1,629,507€ | 59 |
| 18No filing for 2017. | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 792€ | No filing for 2017. | 0€ | 91 |
| 192017: rank 14 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 790€ | +4.9% | 5,571,654€ | 145 |
| 202017: rank 22 | Trend Korali Hospitality · Bar | 02774852Income statement (PDF) | 740€ | +9.3% | 1,701,695€ | 51 |
| 212017: rank 13 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 739€ | -2.8% | 21,573,443€ | 585 |
| 222017: rank 50 | Mimoza Hospitality · Tivat | 02008564Income statement (PDF) | 738€ | +39.0% | 1,237,635€ | 33 |
| 232017: rank 9 | MMK Standard Hospitality · Nikšić | 02100134Income statement (PDF) | 693€ | -19.6% | 419,650€ | 12 |
| 242017: rank 18 | Hotel Sidro Hospitality · Bar | 02784998Income statement (PDF) | 688€ | -6.5% | 455,247€ | 35 |
| 252017: rank 31 | Vučje Hospitality · Nikšić | 02770156Income statement (PDF) | 688€ | +8.3% | 1,007,744€ | 27 |
| 262017: rank 42 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 682€ | +18.4% | 3,147,024€ | 76 |
| 272017: rank 44 | Crna Gora Hospitality · Podgorica | 02046024Income statement (PDF) | 675€ | +22.1% | 1,719,936€ | 65 |
| 282017: rank 62 | TRG PG Hospitality · Podgorica | 03127737Income statement (PDF) | 671€ | +50.1% | 555,886€ | 22 |
| 292017: rank 29 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 654€ | +2.3% | 13,990,915€ | 214 |
| 302017: rank 26 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 649€ | +0.5% | 2,046,485€ | 52 |
| 31Not in the top 200 in 2017. | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 648€ | +83.6% | 4,215,693€ | 148 |
| 322017: rank 34 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 640€ | +2.2% | 2,217,431€ | 95 |
| 332017: rank 36 | Argos Hospitality · Ulcinj | 02693259Income statement (PDF) | 639€ | +3.6% | 3,640,160€ | 57 |
| 342017: rank 33 | Ruža Vjetrova Hospitality · Bar | 02172879Income statement (PDF) | 639€ | +0.8% | 2,397,292€ | 47 |
| 352017: rank 8 | Recreatours Hospitality · Bar | 02672227Income statement (PDF) | 625€ | -27.7% | 1,155,636€ | 22 |
| 362017: rank 40 | Pio Hospitality · Ulcinj | 02456010Income statement (PDF) | 600€ | +1.2% | 741,957€ | 45 |
| 372017: rank 35 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 597€ | -4.0% | 1,760,104€ | 69 |
| 382017: rank 43 | Čelebić City Hospitality · Podgorica | 02844222Income statement (PDF) | 591€ | +4.4% | 1,636,124€ | 73 |
| 392017: rank 90 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 580€ | +67.6% | 1,706,436€ | 70 |
| 402017: rank 45 | A L B A T R o S Hospitality · Ulcinj | 02006154Income statement (PDF) | 571€ | +4.4% | 647,795€ | 46 |
| 41Not in the top 200 in 2017. | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 564€ | No meaningful percentage: the 2017 or current value is zero, negative, unknown or unreliable. | 1,634,006€ | 39 |
| 422017: rank 49 | Šebelj Hospitality · Budva | 02370204Income statement (PDF) | 564€ | +6.0% | 265,542€ | 10 |
| 432017: rank 19 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 558€ | -19.4% | 1,336,585€ | 15 |
| 44Not in the top 200 in 2017. | Mediterancapital Hospitality · Budva | 03158594Income statement (PDF) | 553€ | No meaningful percentage: the 2017 or current value is zero, negative, unknown or unreliable. | 419,565€ | 14 |
| 452017: rank 30 | Mediterantours Hospitality · Budva | 02928230Income statement (PDF) | 550€ | -13.8% | 94,504€ | 16 |
| 462017: rank 48 | Hotel Princess Hospitality · Bar | 03013464Income statement (PDF) | 549€ | +3.2% | 1,931,440€ | 67 |
| 472017: rank 6 | Obala Rafailovići Hospitality · Budva | 02958813Income statement (PDF) | 543€ | -40.3% | 1,667,725€ | 25 |
| 482017: rank 67 | Lariđo Hospitality · Podgorica | 03049981Income statement (PDF) | 540€ | +35.0% | 989,512€ | 22 |
| 492017: rank 47 | I N C Hospitality · Budva | 02425912Income statement (PDF) | 515€ | -3.9% | 1,227,036€ | 29 |
| 502017: rank 53 | Pure Angel Hospitality · Budva | 03035115Income statement (PDF) | 506€ | 0.0% | 851,364€ | 22 |
Showing 1–50 · top 50 of 246 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 2018, 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