Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2020. This 2020 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 2020, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 1Not in the top 200 in 2019. | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 10,016€ | 19 |
| 22019: rank 2 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 4,085€ | +66.3% | 16,902,628€ | 62 |
| 3Not in the top 200 in 2019. | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 2,322€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 379,283€ | 18 |
| 42019: rank 8 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 121,784€ | 22 |
| 5No filing for 2019. | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 2,042€ | No filing for 2019. | 1,687,319€ | 18 |
| 62019: rank 15 | Export -Import VST Trend Hospitality · Nikšić | 02330857Income statement (PDF) | 1,910€ | +92.7% | 105,637€ | 18 |
| 72019: rank 37 | Trend Korali Hospitality · Bar | 02774852Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 83,769€ | 25 |
| 82019: rank 22 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 142,198€ | 27 |
| 92019: rank 29 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 1,280€ | +56.9% | 1,403,503€ | 88 |
| 102019: rank 74 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 1,175€ | +137.9% | 188,023€ | 10 |
| 112019: rank 17 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,139€ | +15.9% | 405,905€ | 22 |
| 122019: rank 40 | MMK Standard Hospitality · Nikšić | 02100134Income statement (PDF) | 1,093€ | +53.9% | 316,479€ | 11 |
| 132019: rank 26 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 1,089€ | +28.6% | 8,074,087€ | 459 |
| 142019: rank 35 | Pio Hospitality · Ulcinj | 02456010Income statement (PDF) | 1,075€ | +41.3% | 619,586€ | 28 |
| 152019: rank 5 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 1,070€ | -25.4% | 1,287,781€ | 49 |
| 162019: rank 69 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 1,021€ | +100.2% | 2,991,772€ | 39 |
| 172019: rank 27 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 1,001€ | +19.0% | 713,171€ | 57 |
| 182019: rank 36 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 1,000€ | +36.1% | 878,524€ | 49 |
| 192019: rank 19 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | 995€ | +4.4% | 3,400,654€ | 133 |
| 202019: rank 25 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 979€ | +13.3% | 1,148,849€ | 75 |
| 212019: rank 31 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 970€ | +22.5% | 2,963,561€ | 412 |
| 222019: rank 52 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 965€ | +55.9% | 871,414€ | 21 |
| 232019: rank 1 | Mediterancapital Hospitality · Budva | 03158594Income statement (PDF) | 929€ | -85.8% | 717,074€ | 10 |
| 24Not in the top 200 in 2019. | Montenegro Premier Hospitality · Podgorica | 02438496Income statement (PDF) | 921€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 1,203,382€ | 30 |
| 252019: rank 48 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 920€ | +39.8% | 1,326,380€ | 74 |
| 262019: rank 3 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 915€ | -53.3% | 673,784€ | 13 |
| 272019: rank 42 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 895€ | +28.6% | 3,036,958€ | 129 |
| 282019: rank 16 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 882€ | -11.0% | 1,090,292€ | 81 |
| 292019: rank 24 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 880€ | +1.5% | 720,391€ | 56 |
| 302019: rank 9 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 869€ | -33.7% | 2,346,454€ | 52 |
| 31Not in the top 200 in 2019. | Moj Hotel Hospitality · Nikšić | 03252159Income statement (PDF) | 862€ | +42.0% | 149,248€ | 10 |
| 322019: rank 18 | Becovic Menagement Group Hospitality · Ulcinj | 02440059Income statement (PDF) | 832€ | -13.8% | 75,138€ | 13 |
| 332019: rank 44 | Vučje Hospitality · Nikšić | 02770156Income statement (PDF) | 799€ | +17.0% | 675,452€ | 20 |
| 342019: rank 43 | Mimoza Hospitality · Tivat | 02008564Income statement (PDF) | 789€ | +13.9% | 524,096€ | 34 |
| 352019: rank 28 | Pure Angel Hospitality · Budva | 03035115Income statement (PDF) | 775€ | -7.2% | 338,395€ | 27 |
| 362019: rank 45 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 192,390€ | 52 |
| 372019: rank 79 | Gattina Hospitality · Budva | 02889315Income statement (PDF) | 768€ | +70.7% | 433,816€ | 16 |
| 382019: rank 34 | Hotel Sidro Hospitality · Bar | 02784998Income statement (PDF) | 764€ | -0.3% | 222,188€ | 33 |
| 392019: rank 21 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 764€ | -17.6% | 1,262,588€ | 84 |
| 40Not in the top 200 in 2019. | Euromix-Trade Hospitality · Podgorica | 02714884Income statement (PDF) | 764€ | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 400,770€ | 12 |
| 412019: rank 49 | Fontana Centar Hospitality · Budva | 03161617Income statement (PDF) | 752€ | +16.2% | 369,874€ | 28 |
| 422019: rank 46 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 729€ | +8.0% | 1,395,239€ | 76 |
| 432019: rank 139 | Lingu Hospitality · Kotor | 02463407Income statement (PDF) | 729€ | +117.0% | 57,585€ | 10 |
| 442019: rank 115 | Copy&Book House Hospitality · Nikšić | 02867141Income statement (PDF) | 728€ | +100.0% | 125,247€ | 10 |
| 452019: rank 14 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 727€ | -29.6% | 3,836,311€ | 95 |
| 462019: rank 32 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 727€ | -8.2% | 625,354€ | 67 |
| 472019: rank 97 | Calexico Hospitality · Podgorica | 02954265Income statement (PDF) | 723€ | +86.8% | 368,455€ | 16 |
| 482019: rank 76 | Gradska Cetinje Hospitality · Cetinje | 03257207Income statement (PDF) | 720€ | +54.2% | 489,882€ | 37 |
| 492019: rank 62 | Pippo's Yacht Supplies Hospitality · Tivat | 02776081Income statement (PDF) | 712€ | +22.1% | 926,787€ | 25 |
| 502019: rank 10 | Suntime Hospitality · Budva | 02632934Income statement (PDF) | — | No meaningful percentage: the 2019 or current value is zero, negative, unknown or unreliable. | 111,066€ | 15 |
Showing 1–50 · top 50 of 240 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 2020, ordered by average monthly payroll cost per employee after applying data-quality eligibility rules.
The leading record is D.O.O. "PORTONOVI HOSPITALITY MANAGEMENT COMPANY" HERCEG NOVI; 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