Montenegro Airbnb Performance by Area in 2026
Data by Brixfox ·
Short-term-rental returns in Montenegro vary widely by area. The table below shows what Montenegro's Airbnb stock actually earns, area by area, from our daily Airbnb calendar data.
Budva carries the most tracked listings; Tivat posts the highest average monthly revenue and Kotor the strongest occupancy.
Montenegro Airbnb performance by area
Across tracked listings for 2026-07-01 (latest complete month). Occupancy = average; ADR = average nightly rate; revenue = average monthly gross, USD. Area figures are listing-count-weighted across bedroom bands: ADR averages each band's median nightly rate, revenue averages each band's mean, and occupancy averages each band's median where one exists and its mean otherwise.
| Area | Tracked listings | Occupancy | Avg ADR | Avg rev/mo |
|---|---|---|---|---|
| Budva | 515 | 78% | $273 | $5,357 |
| Kotor | 346 | 85% | $214 | $4,237 |
| Tivat | 280 | 83% | $319 | $7,656 |
| Sveti Stefan | 274 | 75% | $259 | $4,949 |
| Bar & Ulcinj | 241 | 72% | $107 | $1,676 |
| Herceg Novi | 118 | 79% | $163 | $2,305 |
What the data says
- Budva is the deepest market by tracked listing count — the most liquid place to buy and operate.
- Tivat leads on average monthly revenue across the areas measured.
- Kotor shows the strongest occupancy, useful where steady bookings matter more than headline nightly rate.
- Occupancy is the average across tracked listings, ADR the average nightly rate and revenue the average monthly gross. All from our daily calendar data — see the methodology note under the table.
Read this as a filter, not a verdict
An area figure is a starting filter, never a decision on a specific property. Even in the strongest areas the best-run listings clear far more than it, and the weakest far less. Brixfox computes per-property yield on this same calendar data so an area read like this becomes a specific, underwritable decision.
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