Volume 20 No 8 (2022)
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Tourism And Entrepreneurship: A Pathway for Poverty Alleviation and Sustainable Development
Reshmi V. Suresh , S. Rajitha Kumar
Abstract
The present study primarily focuses on analysing the purchase intention of tourists on products sold by street
entrepreneurs at tourism destinations. In this paper, the street vendors are portrayed as street entrepreneurs
because of the immense entrepreneurial talent possessed by vendors in carrying out business operations. The study
empirically tested a research model establishing the relationship between tourists’ perceived value and purchase
intention. The perceived value is measured in three-dimensional constructs consisting of perceived product quality,
perceived economic value, and perceived emotional value. The primary data collected from 200 tourists using a
specifically designed questionnaire is analysed using SPSS and War PLS software. The study found that the economic
value perception is the most vital dimension; therefore, the vendors should be prudent in deciding their pricing
strategy. From a broader perspective, by giving a better value experience to the tourists, the street entrepreneurs
can enhance their revenue by increasing sales volume and thereby minimise the severity of poverty. When the life of
millions of street entrepreneurs nourishes, it helps in poverty alleviation and sustainable development across the
globe.
Keywords
Street entrepreneurship, Tourism, Purchase intention, Street vending business
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