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2 clusters · 9 sources · 8 days · First seen · Last updated

Budvanska rivijera financial performance

Overview

Budvanska rivijera, the largest hotel group in Montenegro, reported significant financial growth for the first nine months of 2026. The company generated €24.65 million in total revenue, an increase of €3.345 million compared to the same period in 2025.

Growth was driven by a 17% rise in travel package revenue and increased non-boarding revenue following the direct management of parking facilities. The Board of Directors, led by President Luka Vukalović, expects the 2026 season to yield nearly 40,000 more overnight stays than the previous year. The company also noted that the implementation of the ‘Euro model’ is expected to improve living standards and increase employee wages.

Entities

Luka Vukalović · Customs Administration of Montenegro · MK Group · Budvanska rivijera

Timeline

  1. [BUSINESS] 2 sources
    Budvanska rivijera reports revenue growth and increased overnight stays

    Montenegro's Budvanska rivijera reported €24.65 million in revenue for the first nine months, a €3.345 million increase over the previous year, driven by higher package sales and improved management.

  2. [BUSINESS] 8 sources
    Montenegro Customs revenue reaches 1.105 billion euros

    Montenegro's Customs Administration reported 1.105 billion euros in revenue for the first nine months of 2026, a 5% increase compared to the previous year, exceeding budget targets.

Sources

aktuelno.me · bizniscg.me · etv.me · gov.me · investitor.me · novilist.hr · portalanalitika.me · rtnk.me · verige.net