Hospitality companies in Montenegro ranked by average monthly payroll cost per employee 2024. This 2024 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 2024, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | ||||
|---|---|---|---|---|---|---|
| 12023: rank 1 | Luštica Development Hospitality · Tivat | 02744597Income statement (PDF) | 5,949€ | +32.5% | 79,955,659€ | 118 |
| 22023: rank 2 | Top Hill Hospitality · Budva | 02786818Income statement (PDF) | 4,357€ | +0.8% | 1,621,598€ | 12 |
| 3Not in the top 200 in 2023. | Gajeta Hospitality · Budva | 03091201Income statement (PDF) | 3,899€ | +35.3% | 274,190€ | 10 |
| 42023: rank 28 | Ohm Mamula Montenegro Hospitality · Tivat | 03095924Income statement (PDF) | 3,047€ | +95.4% | 1,585,176€ | 11 |
| 52023: rank 3 | La Perla Hospitality Hospitality · Tivat | 03295419Income statement (PDF) | 2,993€ | +9.3% | 6,565,764€ | 86 |
| 62023: rank 4 | Mamula Hotel Operating Company Hospitality · Tivat | 03396592Income statement (PDF) | 2,812€ | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 2,420,221€ | 60 |
| 7Not in the top 200 in 2023. | HTP Vile Oliva Hospitality · Budva | 02624575Income statement (PDF) | 2,749€ | +289.4% | 4,490,868€ | 14 |
| 82023: rank 13 | LB Leisure Management Hospitality · Tivat | 03347958Income statement (PDF) | 2,676€ | +36.5% | 1,180,834€ | 41 |
| 92023: rank 143 | Tara Hotel Hospitality · Budva | 03039510Income statement (PDF) | 2,444€ | +171.6% | 5,310,364€ | 48 |
| 102023: rank 12 | Shanghai Hospitality · Budva | 02914859Income statement (PDF) | 2,406€ | +22.3% | 1,415,658€ | 19 |
| 112023: rank 15 | Unikop Omnia Hospitality · Budva | 03166180Income statement (PDF) | 2,330€ | +22.7% | 986,622€ | 12 |
| 122023: rank 11 | Portonovi Hospitality Management Company Hospitality · Herceg Novi | 03067661Income statement (PDF) | 2,269€ | +15.3% | 37,890,339€ | 356 |
| 132023: rank 23 | LB Hotels Management Hospitality · Tivat | 03201309Income statement (PDF) | 2,241€ | +40.7% | 8,474,082€ | 127 |
| 142023: rank 10 | Coffee Cake Hospitality · Zeta | 03116344Income statement (PDF) | 2,180€ | +8.2% | 2,686,294€ | 15 |
| 152023: rank 9 | Vektra Boka Hospitality · Herceg Novi | 02008238Income statement (PDF) | 2,100€ | +1.9% | 65,384€ | 12 |
| 162023: rank 5 | Primorje Hospitality · Tivat | 02008637Income statement (PDF) | 2,085€ | -7.2% | 3,761,158€ | 59 |
| 172023: rank 35 | Jadran Hospitality · Kotor | 02013177Income statement (PDF) | 2,039€ | +37.3% | 5,770,921€ | 76 |
| 182023: rank 26 | Blue Marlin Hospitality · Podgorica | 03257746Income statement (PDF) | 2,038€ | +28.4% | 1,636,704€ | 12 |
| 192023: rank 20 | Obala Ribnice Hospitality · Podgorica | 03306348Income statement (PDF) | 1,982€ | +19.8% | 1,534,358€ | 21 |
| 202023: rank 7 | Villa Geba Management Hospitality · Budva | 03251691Income statement (PDF) | 1,980€ | -6.2% | 813,222€ | 23 |
| 212023: rank 18 | Dukley Hotel Hospitality · Budva | 03050831Income statement (PDF) | 1,960€ | +10.3% | 13,815,152€ | 188 |
| 222023: rank 19 | Montenegro Hospitality Group Hospitality · Tivat | 03066614Income statement (PDF) | 1,922€ | +8.2% | 717,775€ | 14 |
| 232023: rank 32 | Laganini Hospitality · Budva | 03155820Income statement (PDF) | 1,880€ | +24.4% | 2,107,316€ | 27 |
| 242023: rank 24 | Montenegro Hotels Hospitality · Herceg Novi | 02859866Income statement (PDF) | 1,847€ | +15.9% | 7,237,834€ | 105 |
| 25Not in the top 200 in 2023. | Hefesta Hospitality · Herceg Novi | 02967049Income statement (PDF) | 1,840€ | +228.0% | 3,084,718€ | 36 |
| 262023: rank 29 | La Miniera Hospitality · Kotor | 03335747Income statement (PDF) | 1,828€ | +18.2% | 1,694,790€ | 23 |
| 27No filing for 2023. | LB Leisure Facilities Management Hospitality · Tivat | 03626121Income statement (PDF) | 1,803€ | No filing for 2023. | 116,395€ | 17 |
| 282023: rank 14 | Adriatic Properties Hospitality · Budva | 02638495Income statement (PDF) | — | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 1,822,676€ | 73 |
| 292023: rank 84 | Banfi Hospitality · Kotor | 02082586Income statement (PDF) | 1,753€ | +55.4% | 1,133,671€ | 15 |
| 30Not in the top 200 in 2023. | M&M Group Hospitality · Kotor | 03527743Income statement (PDF) | 1,748€ | -65.3% | 560,509€ | 15 |
| 312023: rank 30 | Hotels Group Montenegro Stars Hospitality · Budva | 02385040Income statement (PDF) | 1,741€ | +12.8% | 29,348,516€ | 558 |
| 322023: rank 54 | Krolbay Hospitality · Podgorica | 03266567Income statement (PDF) | 1,734€ | +36.0% | 15,777,616€ | 231 |
| 332023: rank 40 | Mia Toscana Hospitality · Podgorica | 03096122Income statement (PDF) | 1,674€ | +20.7% | 601,648€ | 11 |
| 342023: rank 134 | Asia Food Hospitality · Podgorica | 03294480Income statement (PDF) | 1,666€ | +76.5% | 1,825,631€ | 29 |
| 352023: rank 27 | Los Gueros Hospitality · Tivat | 03400107Income statement (PDF) | 1,657€ | +5.5% | 1,087,717€ | 22 |
| 362023: rank 69 | Plamenac Hospitality · Bar | 02407558Income statement (PDF) | 1,625€ | +35.8% | 772,660€ | 12 |
| 372023: rank 70 | F&B Group Hospitality · Podgorica | 03310523Income statement (PDF) | 1,622€ | +35.7% | 919,172€ | 10 |
| 382023: rank 43 | Vadjon Hospitality · Budva | 02400758Income statement (PDF) | 1,621€ | +17.5% | 1,264,945€ | 16 |
| 39Not in the top 200 in 2023. | Grano Hospitality · Tivat | 03595919Income statement (PDF) | 1,610€ | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 798,666€ | 17 |
| 402023: rank 49 | Beppler & Jacobson Montenegro Hospitality · Budva | 02391082Income statement (PDF) | 1,586€ | +17.0% | 13,715,213€ | 71 |
| 412023: rank 46 | Casper Productio Hospitality · Budva | 02448882Income statement (PDF) | 1,586€ | +16.0% | 731,896€ | 12 |
| 422023: rank 48 | Bellevue Hotels Group Hospitality · Budva | 02415828Income statement (PDF) | 1,578€ | +16.2% | 18,884,529€ | 216 |
| 432023: rank 16 | Filan Company Hospitality · Podgorica | 02381311Income statement (PDF) | 1,569€ | -16.2% | 4,620,149€ | 92 |
| 442023: rank 41 | Ljetopis Stars Hospitality · Budva | 03075176Income statement (PDF) | 1,547€ | +11.7% | 3,123,449€ | 61 |
| 452023: rank 36 | Zaliv Pro Hospitality · Tivat | 03326373Income statement (PDF) | 1,544€ | +6.8% | 2,618,158€ | 37 |
| 462023: rank 57 | Rhea + Hospitality · Podgorica | 02725851Income statement (PDF) | 1,522€ | +21.0% | 1,422,082€ | 28 |
| 47Not in the top 200 in 2023. | MMMD Hospitality · Budva | 03447570Income statement (PDF) | 1,520€ | -93.1% | 438,490€ | 19 |
| 482023: rank 38 | Lazure Montenegro Hospitality · Herceg Novi | 03158390Income statement (PDF) | 1,514€ | +7.9% | 7,744,253€ | 185 |
| 49Not in the top 200 in 2023. | Duomo MN Hospitality · Budva | 03558096Income statement (PDF) | 1,505€ | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 1,118,174€ | 20 |
| 502023: rank 21 | DP Hotel Facility Hospitality · Kotor | 03168409Income statement (PDF) | 1,504€ | -8.7% | 5,309,863€ | 87 |
Showing 1–50 · top 50 of 450 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 2024, 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