Budvanska rivijera reports revenue growth and increased overnight stays

Budvanska rivijera, Montenegro's largest hotel group, reported significant financial growth during the first year of its current Board of Directors. For the first nine months of the year, the company generated €24.65 million in total revenue, representing an increase of €3.345 million compared to the same period in 2025.

Key drivers of this growth include a 17% rise in revenue from travel packages, totaling approximately €2.88 million more than the previous year. Additionally, non-boarding revenue increased by €437,000, a result attributed to the expiration of leases and the company taking direct management of its parking facilities.

The Board, led by President Luka Vukalović, anticipates that the 2026 season will see nearly 40,000 more overnight stays than in 2025. The company also expressed confidence in the stability of its operations following the implementation of the ‘Euro model’, which is expected to increase employee wages and improve living standards.