Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2022. This 2022 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 2022, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12021: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 3,638€ | +3.6% | 36,112,637€ | 82 |
| 22021: rank 3 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 3,440€ | +75.6% | 1,688,824€ | 16 |
| 3Not in the top 200 in 2021. | Mamula Hotel Operating Company Hospitality · Tivat | 03396592Income statement (PDF) | — | No meaningful percentage: the 2021 or current value is zero, negative, unknown or unreliable. | 3,855€ | 42 |
| 4Not in the top 200 in 2021. | Unikop Omnia Hospitality · Budva | 03166180Income statement (PDF) | 2,187€ | +28.6% | 931,369€ | 12 |
| 52021: rank 11 | LB Leisure Management Hospitality · Tivat | 03347958Income statement (PDF) | 2,005€ | +51.5% | 922,639€ | 30 |
| 62021: rank 4 | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | 1,976€ | +4.2% | 24,887,305€ | 300 |
| 72021: rank 5 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 1,955€ | +11.0% | 5,630,516€ | 85 |
| 82021: rank 2 | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 1,911€ | -22.4% | 790,447€ | 27 |
| 92021: rank 81 | Obala Ribnice Hospitality · Podgorica | 03306348Income statement (PDF) | 1,717€ | +202.3% | 1,065,384€ | 16 |
| 102021: rank 6 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | — | No meaningful percentage: the 2021 or current value is zero, negative, unknown or unreliable. | 993,269€ | 32 |
| 112021: rank 12 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 1,657€ | +28.4% | 6,692,965€ | 127 |
| 12Not in the top 200 in 2021. | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 1,643€ | -36.8% | 762,380€ | 16 |
| 13Not in the top 200 in 2021. | Los Gueros Hospitality · Tivat | 03400107Income statement (PDF) | 1,629€ | No meaningful percentage: the 2021 or current value is zero, negative, unknown or unreliable. | 479,448€ | 15 |
| 14Not in the top 200 in 2021. | Elitemontenegro Hospitality · Berane | 03037177Income statement (PDF) | 1,618€ | +112.9% | 419,901€ | 10 |
| 152021: rank 13 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 1,580€ | +23.4% | 3,126,440€ | 44 |
| 162021: rank 7 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,557€ | +4.5% | 8,940,400€ | 103 |
| 172021: rank 136 | Recreatours Hospitality · Budva | 02672375Income statement (PDF) | 1,548€ | +259.2% | 1,667,150€ | 10 |
| 18Not in the top 200 in 2021. | Privredno Društvo B & B Group Hospitality · Podgorica | 03120848Income statement (PDF) | 1,522€ | -23.6% | 2,386,283€ | 20 |
| 192021: rank 46 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 1,505€ | +104.8% | 3,612,201€ | 44 |
| 20Not in the top 200 in 2021. | Vadjon Hospitality · Budva | 02400758Income statement (PDF) | 1,488€ | +100.0% | 895,602€ | 10 |
| 212021: rank 19 | Budvanska Rivijera Hospitality · Budva | 02005328Income statement (PDF) | 1,487€ | +39.9% | 19,531,085€ | 412 |
| 222021: rank 15 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 1,487€ | +17.8% | 5,799,249€ | 92 |
| 23Not in the top 200 in 2021. | Laganini Hospitality · Budva | 03155820Income statement (PDF) | 1,477€ | +311.4% | 1,651,969€ | 20 |
| 242021: rank 28 | Kairos Hospitality · Budva | 02408309Income statement (PDF) | 1,469€ | +55.6% | 850,737€ | 14 |
| 252021: rank 14 | Becovic Menagement Group Hospitality · Ulcinj | 02440059Income statement (PDF) | 1,458€ | +15.2% | 588,854€ | 19 |
| 262021: rank 25 | Suntime Hospitality · Budva | 02632934Income statement (PDF) | 1,438€ | +49.6% | 580,156€ | 15 |
| 27Not in the top 200 in 2021. | Casper Productio Hospitality · Budva | 02448882Income statement (PDF) | 1,409€ | +65.2% | 658,711€ | 10 |
| 282021: rank 195 | Food Style Mne Hospitality · Tivat | 02818124Income statement (PDF) | 1,402€ | +278.9% | 5,124,462€ | 36 |
| 29Not in the top 200 in 2021. | Čokolatino Hospitality · Kotor | 02806819Income statement (PDF) | 1,388€ | +214.7% | 404,281€ | 11 |
| 302021: rank 32 | Center Hospitality · Podgorica | 03178919Income statement (PDF) | 1,358€ | +57.5% | 1,059,415€ | 17 |
| 312021: rank 10 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 1,347€ | +0.3% | 21,654,293€ | 524 |
| 322021: rank 157 | Filan Company Hospitality · Podgorica | 02381311Income statement (PDF) | 1,319€ | +226.5% | 2,760,767€ | 54 |
| 332021: rank 39 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,314€ | +65.3% | 2,009,698€ | 41 |
| 342021: rank 97 | Shanghai Hospitality · Budva | 02914859Income statement (PDF) | 1,312€ | +153.3% | 1,078,643€ | 17 |
| 352021: rank 177 | Different Hospitality · Podgorica | 03288684Income statement (PDF) | 1,285€ | +233.8% | 2,587,530€ | 20 |
| 362021: rank 58 | Shilo M Hospitality · Budva | 03160785Income statement (PDF) | 1,265€ | +95.2% | 1,014,246€ | 23 |
| 372021: rank 21 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 1,244€ | +20.9% | 4,444,272€ | 120 |
| 382021: rank 107 | Optimist Hospitality · Tivat | 02815796Income statement (PDF) | 1,236€ | +157.0% | 1,540,522€ | 10 |
| 392021: rank 106 | Daj Group Hospitality · Tivat | 02983630Income statement (PDF) | 1,222€ | +153.0% | 548,050€ | 10 |
| 402021: rank 74 | Rhea + Hospitality · Podgorica | 02725851Income statement (PDF) | 1,197€ | +106.7% | 1,113,510€ | 23 |
| 412021: rank 30 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,186€ | +33.0% | 11,946,894€ | 73 |
| 42Not in the top 200 in 2021. | La Miniera Hospitality · Kotor | 03335747Income statement (PDF) | 1,170€ | No meaningful percentage: the 2021 or current value is zero, negative, unknown or unreliable. | 1,820,124€ | 26 |
| 43No filing for 2021. | Medusa Company Hospitality · Budva | 03392465Income statement (PDF) | 1,168€ | No filing for 2021. | 1,432,434€ | 18 |
| 442021: rank 23 | Karisma Hotels Adriatic Montenegro Hospitality · Podgorica | 03134687Income statement (PDF) | 1,165€ | +15.0% | 9,719,411€ | 157 |
| 45Not in the top 200 in 2021. | Coffee Cake Hospitality · Zeta | 03116344Income statement (PDF) | 1,161€ | +11.6% | 1,766,420€ | 15 |
| 462021: rank 128 | Jadran Hospitality · Kotor | 02013177Income statement (PDF) | 1,157€ | +163.6% | 2,583,271€ | 55 |
| 472021: rank 20 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 1,153€ | +10.3% | 14,060,515€ | 201 |
| 48Not in the top 200 in 2021. | Milo&Chayse Hospitality · Tivat | 03346242Income statement (PDF) | 1,150€ | +239.2% | 1,800,027€ | 17 |
| 492021: rank 140 | Sato Hospitality · Bar | 02924919Income statement (PDF) | 1,146€ | +171.6% | 1,653,038€ | 15 |
| 502021: rank 18 | Savana Continental Property Management & Lodging Hospitality · Podgorica | 03081940Income statement (PDF) | 1,128€ | +4.9% | 2,160,369€ | 58 |
Showing 1–50 · top 50 of 350 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 2022, 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