Journal of Accounting and Management Information Systems (JAMIS)

Information flows and intangible assets management in hoteliers’ businesses

Supp/2006 ,   p615..621

Dimitrov PRESLAV

Keywords:   intangible assets management, information flows, uniqueness, tourism

Tourism companies and especially hoteliers’ businesses often stand in front of a need to improve their performances in comparison to their competitors. And the most widely used approach in this regard is the claim on uniqueness and unrepeatability. However, any country in the world, any tourism destination can claim upon the uniqueness of its natural and anthropogenic resources in one way or another. Therefore, just sticking to “unique resources” cannot guarantee, always and in sufficient scale, the true uniqueness and competitiveness needed by the hotel companies. Here, one possible solution comes in the face of the intangible assets management and the resulting control over the information flows in, within and out of the hotel businesses. The real hotel uniqueness and competitiveness do come as a result of the proper investments in the intangible assets, regarded as: (i) specific skills, knowledge and experience of each of the hotel’s employees (the human capital); (ii) written and incorporated knowledge in the working process and systems of the hotel (the structural capital); (iii) the abilities and skills of the hotel employees to cooperate and work together based on mutual trust (the social capital). And the process of the “organizational learning” can bring the level of the intangible assets (often also regarded as the company’s intellectual capital) to a stage, which can easily facilitate the reaching of the hotel companies’ strategic goals.