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The Reality of Financing Small Tourism Firms: The Case of Indian Tourism SMEs

Author

Listed:
  • Javed Hussain

    (Birmingham City University, Birmingham, UK)

  • Navjot Sandhu

    (Birmingham City University, Birmingham, UK)

  • Hatem El-Gohary

    (College of Business & Economics, Qatar University, Qatar)

  • David J. Edwards

    (Birmingham City Business School, Birmingham City University, Birmingham, UK)

Abstract

Small tourist firms occupy an important place within the Indian tourism industry and make a significant contribution towards gross domestic production. This study investigates access to and finance preferences of SME tourism firms in the Punjab area, India. The study employed a post-positivist research approach depending on semi-structured questionnaires and interviews. The findings confirmed that tourism firms relied on pecking order trajectory, drawing capital from own savings, family and informal lenders, which is consistent with the literature. The study provides a unique insight into issues related to tourism firms and benchmarks findings with SME literature to identify the salient points.

Suggested Citation

  • Javed Hussain & Navjot Sandhu & Hatem El-Gohary & David J. Edwards, 2020. "The Reality of Financing Small Tourism Firms: The Case of Indian Tourism SMEs," International Journal of Customer Relationship Marketing and Management (IJCRMM), IGI Global, vol. 11(1), pages 64-80, January.
    • Handle: RePEc:igg:jcrmm0:v:11:y:2020:i:1:p:64-80
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    Cited by:

    1. Sushma Verma & Samik Shome & Aakruti Patel, 2024. "Exploring the Effects of Firm-Specific Factors on Financing Preferences of Listed SMEs in India," Business Perspectives and Research, , vol. 12(1), pages 149-163, January.

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