Financial sustainability in community tourism development in the Northwest region of Vietnam

The study aims to identify factors affecting financial sustainability in community tourism development in the Northwest. Survey data were collected from 135 tourism business households and individuals with direct and indirect income from tourism activities in the community tourism village in the Northwest region. Findings from the structure equation model (SEM) using the AMOSS 20 program indicated that climate change, holidaymaker market, infrastructure and policy have a positive impact on financial sustainability in the development of community tourism in the Northwest. The holidaymaker market has the greatest impact, followed by climate change, infrastructure, and finally policy. The study results have put forward several recommendations to maintain sustainable financial activities for local people in the community tourism development process in the locality.