# Budvanska rivijera financial performance

> Live situation record from CLSTR: https://clstr.news/situations/budvanska-rivijera-financial-performance
> Updated: 2026-10-13T11:32:07.000Z. Sources: 9. Developments: 2.

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.

## Timeline

### 2026-10-13: 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 sources. https://clstr.news/cluster/budvanska-rivijera-reports-revenue-growth-and-increased-overnight-stays

### 2026-10-06: 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.

8 sources. https://clstr.news/cluster/montenegro-customs-revenue-reaches-1105-billion-euros

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Cite as: Budvanska rivijera financial performance. CLSTR, https://clstr.news/situations/budvanska-rivijera-financial-performance