Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2019. This 2019 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 2019, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12018: rank 44 | Mediterancapital Hospitality · Budva | 03158594Income statement (PDF) | 6,529€ | +1,080.7% | 1,098,004€ | 10 |
| 22018: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 2,456€ | -8.7% | 27,546,333€ | 97 |
| 32018: rank 3 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 1,958€ | +35.0% | 4,293,190€ | 16 |
| 4Not in the top 200 in 2018. | York Hotels & Resorts Hospitality · Kolašin | 03086968Income statement (PDF) | 1,637€ | -74.2% | 1,131,186€ | 20 |
| 52018: rank 26 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 1,435€ | +110.4% | 2,952,211€ | 71 |
| 62018: rank 35 | Recreatours Hospitality · Bar | 02672227Income statement (PDF) | 1,428€ | +128.5% | 1,411,693€ | 11 |
| 72018: rank 200 | Trecom Hospitality · Kotor | 02045460Income statement (PDF) | 1,418€ | No meaningful percentage: the 2018 or current value is zero, negative, unknown or unreliable. | 1,432,631€ | 10 |
| 82018: rank 4 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 1,410€ | +5.9% | 751,123€ | 45 |
| 92018: rank 9 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,311€ | +32.0% | 4,757,245€ | 79 |
| 10Not in the top 200 in 2018. | Suntime Hospitality · Budva | 02632934Income statement (PDF) | 1,178€ | +126.5% | 219,459€ | 10 |
| 112018: rank 61 | Prehrana Hospitality · Pljevlja | 02015811Income statement (PDF) | 1,162€ | +151.0% | 644,129€ | 20 |
| 122018: rank 6 | Hotel Splendido Management Company Hospitality · Kotor | 02834545Income statement (PDF) | 1,143€ | +6.1% | 335,752€ | 11 |
| 13Not in the top 200 in 2018. | Adria o Zone Hospitality · Budva | 02645947Income statement (PDF) | 1,095€ | -74.0% | 1,031,767€ | 20 |
| 142018: rank 5 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,033€ | -13.3% | 12,178,462€ | 118 |
| 152018: rank 7 | Export -Import VST Trend Hospitality · Nikšić | 02330857Income statement (PDF) | 991€ | -4.0% | 4,273,631€ | 30 |
| 162018: rank 12 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 991€ | +15.2% | 3,112,215€ | 56 |
| 172018: rank 78 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 983€ | +147.0% | 1,895,270€ | 46 |
| 182018: rank 11 | Becovic Menagement Group Hospitality · Ulcinj | 02440059Income statement (PDF) | 965€ | +7.6% | 749,216€ | 20 |
| 192018: rank 16 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 953€ | +18.5% | 13,782,194€ | 233 |
| 202018: rank 8 | Montenegro Hospitality Group Hospitality · Tivat | 03066614Income statement (PDF) | 950€ | -6.1% | 552,840€ | 12 |
| 212018: rank 10 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 927€ | -3.5% | 3,383,143€ | 89 |
| 222018: rank 13 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 924€ | +12.4% | 4,613,290€ | 96 |
| 23Not in the top 200 in 2018. | Privredno Društvo B & B Group Hospitality · Podgorica | 03120848Income statement (PDF) | 896€ | No meaningful percentage: the 2018 or current value is zero, negative, unknown or unreliable. | 1,232,979€ | 10 |
| 242018: rank 15 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 867€ | +6.0% | 1,534,679€ | 74 |
| 252018: rank 31 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 864€ | +33.3% | 8,210,015€ | 197 |
| 262018: rank 14 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 847€ | +3.0% | 20,370,165€ | 619 |
| 272018: rank 17 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 841€ | +6.2% | 1,772,448€ | 56 |
| 282018: rank 50 | Pure Angel Hospitality · Budva | 03035115Income statement (PDF) | 835€ | +65.0% | 747,854€ | 27 |
| 292018: rank 18 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 816€ | +3.0% | 4,191,935€ | 132 |
| 302018: rank 19 | Hotel Crna Gora Hospitality · Podgorica | 02820331Income statement (PDF) | 801€ | +1.4% | 6,401,501€ | 149 |
| 312018: rank 21 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 792€ | +7.2% | 21,556,932€ | 599 |
| 322018: rank 2 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 792€ | -69.9% | 1,733,585€ | 79 |
| 332018: rank 27 | Crna Gora Hospitality · Podgorica | 02046024Income statement (PDF) | 782€ | +15.9% | 1,658,948€ | 55 |
| 342018: rank 24 | Hotel Sidro Hospitality · Bar | 02784998Income statement (PDF) | 766€ | +11.3% | 450,324€ | 33 |
| 352018: rank 36 | Pio Hospitality · Ulcinj | 02456010Income statement (PDF) | 761€ | +26.8% | 782,894€ | 29 |
| 362018: rank 39 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 735€ | +26.7% | 1,697,402€ | 61 |
| 372018: rank 20 | Trend Korali Hospitality · Bar | 02774852Income statement (PDF) | 729€ | -1.5% | 1,387,675€ | 52 |
| 38Not in the top 200 in 2018. | Urbing Hospitality · Podgorica | 02310694Income statement (PDF) | 717€ | No meaningful percentage: the 2018 or current value is zero, negative, unknown or unreliable. | 211,923€ | 10 |
| 392018: rank 37 | Lighthouse of Montenegro Hospitality · Herceg Novi | 02770164Income statement (PDF) | 716€ | +19.9% | 1,971,736€ | 72 |
| 402018: rank 23 | MMK Standard Hospitality · Nikšić | 02100134Income statement (PDF) | 710€ | +2.5% | 460,378€ | 11 |
| 412018: rank 165 | Podcafe F&B Hospitality · Podgorica | 03017982Income statement (PDF) | 697€ | No meaningful percentage: the 2018 or current value is zero, negative, unknown or unreliable. | 1,565,903€ | 34 |
| 422018: rank 29 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 696€ | +6.4% | 14,558,435€ | 210 |
| 432018: rank 22 | Mimoza Hospitality · Tivat | 02008564Income statement (PDF) | 693€ | -6.1% | 1,307,863€ | 37 |
| 442018: rank 25 | Vučje Hospitality · Nikšić | 02770156Income statement (PDF) | 683€ | -0.7% | 991,318€ | 24 |
| 452018: rank 32 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 677€ | +5.8% | 2,498,426€ | 97 |
| 462018: rank 30 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 675€ | +4.0% | 1,842,488€ | 69 |
| 472018: rank 28 | TRG PG Hospitality · Podgorica | 03127737Income statement (PDF) | 663€ | -1.2% | 618,150€ | 24 |
| 482018: rank 62 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 658€ | +42.7% | 5,635,232€ | 98 |
| 49Not in the top 200 in 2018. | Fontana Centar Hospitality · Budva | 03161617Income statement (PDF) | 647€ | +27.4% | 739,862€ | 38 |
| 502018: rank 51 | Banfi Hospitality · Kotor | 02082586Income statement (PDF) | 639€ | +26.5% | 566,091€ | 12 |
Showing 1–50 · top 50 of 268 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 2019, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is DRUŠTVO ZA USLUGE "MEDITERANCAPITAL" D.O.O. BUDVA; 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