Serbia has 4 hotels in the Michelin Guide's Key selection — 1 Two Keys and 3 One Key — across 1 place. 2 can be booked with points: 1 through Marriott Bonvoy and 1 through Hilton Honors. The rest are cash-only independents, listed so the map is complete.

37k pts
40k pts
Median points per night and cents-per-point value from AwardClaw's award tracking. Value is the cash rate divided by the points price, so higher is better; green means the redemption beats the program's usual value by a wide margin.
| Hotel | Keys | Program | Points / night | Value |
|---|---|---|---|---|
| The St. Regis Belgrade Belgrade, Serbia | Marriott · St Regis | 37,000 | 1.3¢/pt | |
| SAINT TEN Hotel Belgrade, Serbia | Hilton · SLH | 40,000 | 0.7¢/pt |
4: 1 Two Keys and 3 One Key. All of them are in Belgrade.
2 of the 4: The St. Regis Belgrade and SAINT TEN Hotel. By program: 1 through Marriott Bonvoy and 1 through Hilton Honors.
Two Keys is the highest rating held in Serbia, by The Bristol Belgrade. None of them take points.
The St. Regis Belgrade in Belgrade, at a median of about 37,000 Bonvoy points a night — 1.3¢ per point against the cash rate.
Hotel selection and Key ratings from the MICHELIN Guide hotel selection; points prices and value are AwardClaw's own observations of each program's award pricing and move with dynamic pricing. Program links reflect the loyalty program a property belongs to at the time of writing — partner portfolios (Mr & Mrs Smith, Small Luxury Hotels, Design Hotels) change, so confirm on the program's site before transferring points. AwardClaw is not affiliated with Michelin or any hotel group. MICHELIN is a trademark of its owner.