The reality of financing small tourism firms: The case of Indian tourism SMEs

Javed Hussain, Navjot Sandhu, Hatem El-Gohary, David Edwards

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)


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.

Original languageEnglish
Pages (from-to)64-80
Number of pages17
JournalInternational Journal of Customer Relationship Marketing and Management
Issue number1
Publication statusPublished - 1 Jan 2020
Externally publishedYes


  • Entrepreneurial Finance
  • Finance
  • Financing Preferences
  • India
  • SMEs
  • STFs
  • Tourism
  • Tourism Small Businesses

ASJC Scopus subject areas

  • Management Information Systems
  • Business and International Management
  • Information Systems
  • Marketing
  • Information Systems and Management


Dive into the research topics of 'The reality of financing small tourism firms: The case of Indian tourism SMEs'. Together they form a unique fingerprint.

Cite this