• H. Mykhailichenko Kyiv National University of Trade and Economics
  • S. Kravtsov Kyiv National University of Trade and Economics
  • S. Melnychenko Kyiv National University of Trade and Economics
  • N. Vedmid Kyiv National University of Trade and Economics
  • Yu. Zabaldina Yu. Kyiv National University of Trade and Economics




intellectual capital, tour operator, reputation capital, co-branding, HR-brand


The article defines that intellectual capital should be considered as one of the key factors of successful realization and provision of tourist services when the level of material stocks and raw materials resources reduce. The main feature of effective tour operator’s business is the formed intellectual potential, first of all, the staff, which has value-oriented professional knowledge, ambition, creativity, and the efficiency of each employee’s work is the key source of innovative changes for any enterprise. The accumulated knowledge and experience transform the staff into intellectual capital that is the resource of growth and development of tour operators. In such a situation, the administration of the tourist enterprises should use efficient tools for attracting professional employees, which are the basis of the intellectual capital of the company. However, the results of a survey among Ukrainian students who study in the field of tourism indicate a passive position of leading tourism operators’ directors in the process of finding and attracting tourism industry professionals to work for these companies. The directors of tour operators do not pay attention to HR brand formation that by the way generates the overall image and reputation of the tourist company. As a result, we have a significant staff turnover in companies that are in the top 10 leading employers in the tourism sector. It is an obstacle to form intellectual capital of organizations, that affects the performance. On other hand, well-formed employer brand enhances the company reputation, which is a proven mechanism for evaluating the partnership’s stability and business strategy. The right policy for the human resources formation creates a special professional intellect, and if tour operators use it, it transforms into intellectual capital for the firm and into intellectual property for the employee. The successful implementation of co-branding (a joint brand «employee company») enhances the image and reputation components that are intended to ensure stable positive financial results that is the most important condition for strategic company development, even in the conditions of fierce competitive struggle.

Author Biographies

H. Mykhailichenko, Kyiv National University of Trade and Economics

Doctor of Economics, Professor

S. Kravtsov, Kyiv National University of Trade and Economics

Ph. D. in Science of Public Administration, Associate Professor

S. Melnychenko, Kyiv National University of Trade and Economics

Doctor of Economics, Professor

N. Vedmid, Kyiv National University of Trade and Economics

Doctor of Economics, Professor

Yu. Zabaldina Yu., Kyiv National University of Trade and Economics

Ph. D. in Economics, Associate Professor


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