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

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

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


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
Title of host publicationResearch Anthology on Small Business Strategies for Success and Survival
PublisherIGI Global
Number of pages19
ISBN (Electronic)9781799891567
ISBN (Print)9781799891550
Publication statusPublished - 25 Jun 2021
Externally publishedYes

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (all)
  • General Business,Management and Accounting


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