A Structural Equation Modeling Approach to Assess Tourism ‎Business Perception and Financial Influences in The Andaman ‎Islands

  • Authors

    • Roshnee Rita A Faculty of Management, SRM Institute of Science and Technology, Kattankulathur, Tamil Nadu, India
    • T Ramachandran A Faculty of Management, SRM Institute of Science and Technology, Kattankulathur, Tamil Nadu, India
    https://doi.org/10.14419/jfwxpj16

    Received date: July 4, 2025

    Accepted date: July 15, 2025

    Published date: November 3, 2025

  • Access to Financing(ATF); Andaman Tourism; Economic Impact (EI); Financial Structure Variation(FSV); Sustainable Tourism ‎Development; Tourism Business Perception(TBP); Tourism Development Support(TDS); Tourism Financing.

  • Abstract

    The research investigates tourist business perception (TBP) and its influences on important financial performance and growth factors in the ‎tourism industry in the Andaman Islands. The study examined how TBP is mediated through three topics: Access to Financing (ATF), ‎Economic Impact (EI), and Financial Structure Variation (FSV) using a technique called structural equation modeling. It also investigates ‎how these influence TDS (Tourism Development Support). Hotels, homestays, and travel businesses, among other tourist businesses in the ‎Andaman Islands, were surveyed. What they found was that TBP had a big effect on ATF, EI, and FSV. These three factors also show that ‎they are very good at predicting TDS. This shows how important how businesses see things and how their finances are for encouraging ‎tourism growth. It is quite solid that the model can explain all endogenous variables, making them even more significant. People responsible ‎for policy, as well as people who work with tourists, can learn more about how the views of the private sector relate to funding for projects ‎and their outcomes. It states that to sustainably develop tourism in the Andaman Islands, one should focus on liaising with businesses that ‎deal with tourists and conserving funds‎.

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  • How to Cite

    Rita, R. ., & Ramachandran, T. . (2025). A Structural Equation Modeling Approach to Assess Tourism ‎Business Perception and Financial Influences in The Andaman ‎Islands. International Journal of Accounting and Economics Studies, 12(SI-1), 393-402. https://doi.org/10.14419/jfwxpj16