Asian entreprenuership in tourism and hospitality: financial support, business sustainability

Bhushan Prabhugaonkar, Yash, Minh, Dam Xuan, Thirumaran, K., Sim, Karen S., Pruhtpahon, Sapon, and Raghav, Mohit (2020) Asian entreprenuership in tourism and hospitality: financial support, business sustainability. In: Masouras, Andreas, Maris, Georgios, and Kavoura, Androniki, (eds.) Entrepreneurial Development and Innovation in Family Businesses and SMEs. IGI Global, Hershey, PA, USA, pp. 1-21.

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Entrepreneurs in tourism constantly find business a challenge, especially when competing with wellestablished players in the industry who have huge capital and large market shares. More often than not, these entrepreneurs must constantly innovate and come up with new ideas on travel booking and new ways to enhance travel experiences. Focusing on entrepreneurs in Asia, very few countries proactively fund aspiring entrepreneurs who often struggle like their American counterparts with credit card debts and huge loans. This chapter reviews Asian entrepreneurs in tourism, with a focus on accessibility to state support and funds, identifying research areas for future studies. Using systematic literature review and country-specific profiling of India, Singapore, Thailand, and Vietnam, the study examines the extent governments support entrepreneurs and the sustainability of their business. This research is intended to trigger insights for both industry practitioners and policymakers and to form an awareness to create a sustainable environment for budding entrepreneurs in tourism.

Item ID: 63521
Item Type: Book Chapter (Scholarly Work)
ISBN: 978-1-79983-648-3
Keywords: Micro Enterprise; Entrepreneurship Mobility; Small and Medium Enterprises (SMEs); Institutional Entrepreneurship; Vietnam; Thailand; India; Singapore
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Copyright Information: Copyright: © 2020 IGI Global.
Date Deposited: 07 Jan 2021 06:09
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150304 Entrepreneurship @ 50%
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1506 Tourism > 150605 Tourism Resource Appraisal @ 50%
SEO Codes: 90 COMMERCIAL SERVICES AND TOURISM > 9003 Tourism > 900399 Tourism not elsewhere classified @ 100%
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