Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2021. This 2021 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 2021, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12020: rank 2 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 3,510€ | -14.1% | 32,337,260€ | 70 |
| 22020: rank 3 | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 2,464€ | +6.1% | 834,191€ | 23 |
| 32020: rank 4 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 1,959€ | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 407,191€ | 26 |
| 42020: rank 1 | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | 1,896€ | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 19,116,576€ | 279 |
| 52020: rank 5 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 1,762€ | -13.7% | 6,502,011€ | 93 |
| 62020: rank 19 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | — | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 665,635€ | 78 |
| 72020: rank 30 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,490€ | +71.5% | 7,413,333€ | 70 |
| 82020: rank 26 | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 1,387€ | +51.6% | 2,534,721€ | 16 |
| 9No filing for 2020. | European International Restaurants and Catering Hospitality · Tivat | 03340929Income statement (PDF) | 1,353€ | No filing for 2020. | 379,806€ | 12 |
| 102020: rank 13 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 1,343€ | +23.3% | 16,649,206€ | 454 |
| 11No filing for 2020. | LB Leisure Management Hospitality · Tivat | 03347958Income statement (PDF) | 1,323€ | No filing for 2020. | 672,567€ | 26 |
| 122020: rank 9 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 1,290€ | +0.8% | 5,280,918€ | 141 |
| 132020: rank 15 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 1,280€ | +19.6% | 3,064,908€ | 44 |
| 142020: rank 32 | Becovic Menagement Group Hospitality · Ulcinj | 02440059Income statement (PDF) | 1,266€ | +52.2% | 775,869€ | 17 |
| 152020: rank 8 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 1,262€ | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 3,510,010€ | 73 |
| 162020: rank 16 | Fjord Hospitality · Kotor | 02014912Income statement (PDF) | 1,183€ | +15.9% | 1,351,113€ | 44 |
| 172020: rank 18 | Olive Invest Hospitality · Tivat | 02965887Income statement (PDF) | 1,110€ | +11.0% | 1,375,481€ | 51 |
| 182020: rank 17 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 1,075€ | +7.4% | 1,650,941€ | 57 |
| 192020: rank 21 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 1,063€ | +9.6% | 11,717,119€ | 412 |
| 202020: rank 27 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 1,045€ | +16.8% | 10,269,183€ | 176 |
| 212020: rank 29 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 1,029€ | +16.9% | 1,871,210€ | 72 |
| 222020: rank 37 | Gattina Hospitality · Budva | 02889315Income statement (PDF) | 1,022€ | +33.1% | 1,035,175€ | 17 |
| 232020: rank 20 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 1,013€ | +3.5% | 4,928,992€ | 121 |
| 24Not in the top 200 in 2020. | Lead Hospitality · Podgorica | 03184242Income statement (PDF) | 983€ | +65.2% | 618,994€ | 11 |
| 252020: rank 50 | Suntime Hospitality · Budva | 02632934Income statement (PDF) | 961€ | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 750,277€ | 17 |
| 262020: rank 39 | TCP Hotel Opco Hospitality · Podgorica | 03091520Income statement (PDF) | 953€ | +24.7% | 2,093,285€ | 75 |
| 272020: rank 73 | Hemera Hospitality · Podgorica | 02863600Income statement (PDF) | 952€ | +74.4% | 574,471€ | 24 |
| 28Not in the top 200 in 2020. | Kairos Hospitality · Budva | 02408309Income statement (PDF) | 944€ | +1.2% | 1,002,773€ | 12 |
| 292020: rank 28 | Uniprom Hoteli Hospitality · Nikšić | 02915022Income statement (PDF) | 895€ | +1.5% | 2,570,284€ | 90 |
| 302020: rank 45 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 892€ | +22.7% | 8,237,965€ | 71 |
| 312020: rank 25 | Igalo Hospitality · Herceg Novi | 02008173Income statement (PDF) | 870€ | -5.4% | 3,532,395€ | 78 |
| 322020: rank 74 | Center Hospitality · Podgorica | 03178919Income statement (PDF) | 862€ | +58.2% | 983,097€ | 15 |
| 33Not in the top 200 in 2020. | Banfi Hospitality · Kotor | 02082586Income statement (PDF) | 858€ | -14.3% | 966,962€ | 10 |
| 342020: rank 87 | Woow Hospitality · Budva | 02887738Income statement (PDF) | 857€ | +78.5% | 3,460,188€ | 20 |
| 352020: rank 33 | Vučje Hospitality · Nikšić | 02770156Income statement (PDF) | 848€ | +6.1% | 708,669€ | 27 |
| 362020: rank 38 | Hotel Sidro Hospitality · Bar | 02784998Income statement (PDF) | 846€ | +10.7% | 35,936€ | 19 |
| 372020: rank 36 | Hunguest Hotels Montenegro Hospitality · Herceg Novi | 02405695Income statement (PDF) | 837€ | No meaningful percentage: the 2020 or current value is zero, negative, unknown or unreliable. | 1,541,943€ | 64 |
| 382020: rank 34 | Mimoza Hospitality · Tivat | 02008564Income statement (PDF) | 802€ | +1.6% | 1,079,288€ | 38 |
| 392020: rank 11 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 795€ | -30.2% | 1,585,703€ | 47 |
| 402020: rank 147 | Mia Toscana Hospitality · Podgorica | 03096122Income statement (PDF) | 770€ | +102.6% | 435,706€ | 11 |
| 412020: rank 14 | Pio Hospitality · Ulcinj | 02456010Income statement (PDF) | 765€ | -28.8% | 670,514€ | 38 |
| 422020: rank 48 | Gradska Cetinje Hospitality · Cetinje | 03257207Income statement (PDF) | 762€ | +5.8% | 697,826€ | 35 |
| 432020: rank 42 | Comp Comerc Hospitality · Nikšić | 02055384Income statement (PDF) | 758€ | +4.0% | 1,452,076€ | 62 |
| 442020: rank 79 | Mala Barka Hospitality · Tivat | 02900475Income statement (PDF) | 751€ | +49.6% | 392,235€ | 10 |
| 452020: rank 146 | Hedonist Restaurants Hospitality · Podgorica | 03306445Income statement (PDF) | 739€ | +94.5% | 329,620€ | 16 |
| 462020: rank 22 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 735€ | -23.8% | 2,560,925€ | 38 |
| 47Not in the top 200 in 2020. | Lariđo Hospitality · Podgorica | 03049981Income statement (PDF) | 708€ | +32.8% | 821,476€ | 12 |
| 482020: rank 46 | Ulcinjska Rivijera Hospitality · Ulcinj | 02006146Income statement (PDF) | 707€ | -2.8% | 1,396,540€ | 70 |
| 49Not in the top 200 in 2020. | Acd Hospitality · Budva | 02426188Income statement (PDF) | 705€ | -9.7% | 462,548€ | 10 |
| 502020: rank 47 | Calexico Hospitality · Podgorica | 02954265Income statement (PDF) | 697€ | -3.6% | 718,180€ | 20 |
Showing 1–50 · top 50 of 270 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 2021, 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