Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2023. This 2023 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 2023, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12022: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 4,489€ | +23.4% | 54,675,604€ | 93 |
| 2Not in the top 200 in 2022. | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 4,321€ | -18.6% | 1,942,525€ | 13 |
| 32022: rank 7 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 2,738€ | +40.1% | 6,008,553€ | 82 |
| 42022: rank 3 | Mamula Hotel Operating Company Hospitality · Tivat | 03396592Income statement (PDF) | — | No meaningful percentage: the 2022 or current value is zero, negative, unknown or unreliable. | 627,667€ | 120 |
| 52022: rank 15 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 2,246€ | +42.2% | 4,035,998€ | 58 |
| 62022: rank 116 | Mare Invest Hospitality · Tivat | 03293734Income statement (PDF) | 2,161€ | +165.8% | 1,152,192€ | 15 |
| 72022: rank 8 | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 2,110€ | +10.4% | 775,380€ | 26 |
| 82022: rank 18 | Privredno Društvo B & B Group Hospitality · Podgorica | 03120848Income statement (PDF) | 2,079€ | +36.6% | 2,387,314€ | 16 |
| 92022: rank 2 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 2,061€ | -40.1% | 48,598€ | 16 |
| 102022: rank 45 | Coffee Cake Hospitality · Zeta | 03116344Income statement (PDF) | 2,014€ | +73.5% | 2,422,106€ | 13 |
| 112022: rank 6 | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | 1,968€ | -0.4% | 32,803,271€ | 326 |
| 122022: rank 34 | Shanghai Hospitality · Budva | 02914859Income statement (PDF) | 1,968€ | +50.0% | 1,250,033€ | 17 |
| 132022: rank 5 | LB Leisure Management Hospitality · Tivat | 03347958Income statement (PDF) | 1,960€ | -2.2% | 1,345,298€ | 40 |
| 142022: rank 10 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | — | No meaningful percentage: the 2022 or current value is zero, negative, unknown or unreliable. | 1,846,478€ | 59 |
| 152022: rank 4 | Unikop Omnia Hospitality · Budva | 03166180Income statement (PDF) | 1,899€ | -13.2% | 949,866€ | 12 |
| 162022: rank 32 | Filan Company Hospitality · Podgorica | 02381311Income statement (PDF) | 1,873€ | +42.0% | 3,769,096€ | 49 |
| 172022: rank 90 | Perlas Hospitality · Budva | 02979888Income statement (PDF) | 1,778€ | +98.4% | 710,131€ | 10 |
| 182022: rank 16 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,777€ | +14.1% | 11,272,384€ | 161 |
| 192022: rank 52 | Montenegro Hospitality Group Hospitality · Tivat | 03066614Income statement (PDF) | 1,777€ | +59.1% | 688,825€ | 13 |
| 202022: rank 9 | Obala Ribnice Hospitality · Podgorica | 03306348Income statement (PDF) | 1,654€ | -3.7% | 1,242,349€ | 21 |
| 212022: rank 19 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 1,648€ | +9.5% | 4,727,702€ | 55 |
| 222022: rank 14 | Elitemontenegro Hospitality · Berane | 03037177Income statement (PDF) | 1,607€ | -0.7% | 441,788€ | 10 |
| 232022: rank 11 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 1,593€ | -3.9% | 7,928,650€ | 157 |
| 242022: rank 22 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 1,593€ | +7.1% | 6,584,100€ | 100 |
| 252022: rank 25 | Becovic Menagement Group Hospitality · Ulcinj | 02440059Income statement (PDF) | 1,590€ | +9.1% | 846,167€ | 26 |
| 262022: rank 68 | Blue Marlin Hospitality · Podgorica | 03257746Income statement (PDF) | 1,587€ | +57.6% | 1,304,846€ | 13 |
| 272022: rank 13 | Los Gueros Hospitality · Tivat | 03400107Income statement (PDF) | 1,571€ | -3.6% | 844,760€ | 24 |
| 28Not in the top 200 in 2022. | Ohm Mamula Montenegro Hospitality · Tivat | 03095924Income statement (PDF) | 1,559€ | No meaningful percentage: the 2022 or current value is zero, negative, unknown or unreliable. | 980,850€ | 16 |
| 292022: rank 42 | La Miniera Hospitality · Kotor | 03335747Income statement (PDF) | 1,546€ | +32.1% | 1,497,655€ | 21 |
| 302022: rank 31 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 1,543€ | +14.6% | 27,290,104€ | 554 |
| 312022: rank 12 | Petrohotel Hospitality · Budva | 02326175Income statement (PDF) | 1,532€ | -6.8% | 3,741,131€ | 17 |
| 322022: rank 23 | Laganini Hospitality · Budva | 03155820Income statement (PDF) | 1,511€ | +2.3% | 2,041,970€ | 28 |
| 332022: rank 48 | Milo&Chayse Hospitality · Tivat | 03346242Income statement (PDF) | 1,500€ | +30.4% | 2,321,046€ | 20 |
| 342022: rank 107 | Wanda Hospitality · Podgorica | 03294684Income statement (PDF) | 1,489€ | +78.5% | 1,080,371€ | 14 |
| 352022: rank 46 | Jadran Hospitality · Kotor | 02013177Income statement (PDF) | 1,485€ | +28.3% | 3,512,002€ | 73 |
| 362022: rank 79 | Zaliv Pro Hospitality · Tivat | 03326373Income statement (PDF) | 1,446€ | +52.4% | 2,769,992€ | 31 |
| 372022: rank 56 | Romeo & Juliet Hospitality · Herceg Novi | 03348539Income statement (PDF) | 1,408€ | +28.5% | 860,870€ | 11 |
| 382022: rank 37 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 1,403€ | +12.8% | 6,234,251€ | 159 |
| 39Not in the top 200 in 2022. | Gornesh's Food Hospitality · Tivat | 03304485Income statement (PDF) | 1,394€ | +227.2% | 415,069€ | 10 |
| 402022: rank 51 | Mia Toscana Hospitality · Podgorica | 03096122Income statement (PDF) | 1,387€ | +23.1% | 558,654€ | 11 |
| 412022: rank 33 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,385€ | +5.4% | 2,653,920€ | 49 |
| 422022: rank 55 | Praxis Hospitality · Budva | 02955113Income statement (PDF) | 1,384€ | +25.4% | 1,133,139€ | 30 |
| 432022: rank 20 | Vadjon Hospitality · Budva | 02400758Income statement (PDF) | 1,380€ | -7.3% | 1,186,804€ | 15 |
| 442022: rank 36 | Shilo M Hospitality · Budva | 03160785Income statement (PDF) | 1,374€ | +8.6% | 1,299,678€ | 24 |
| 45Not in the top 200 in 2022. | V i B Hospitality · Herceg Novi | 02047217Income statement (PDF) | 1,370€ | +43.6% | 422,735€ | 10 |
| 462022: rank 27 | Casper Productio Hospitality · Budva | 02448882Income statement (PDF) | 1,367€ | -3.0% | 706,678€ | 12 |
| 472022: rank 151 | Kafeterija Montenegro Hospitality · Tivat | 03198928Income statement (PDF) | 1,358€ | +87.1% | 839,304€ | 21 |
| 482022: rank 47 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 1,358€ | +17.8% | 17,351,078€ | 204 |
| 492022: rank 41 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,355€ | +14.2% | 13,037,459€ | 69 |
| 502022: rank 74 | Mala Barka Hospitality · Tivat | 02900475Income statement (PDF) | 1,321€ | +36.3% | 547,445€ | 10 |
Showing 1–50 · top 50 of 399 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 2023, 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