Feasibility of Investment in Tourism Villages Towards Sustainable Development: A Comparative-Phenomenology Study
DOI:
https://doi.org/10.18196/jati.v8i2.27228Keywords:
Comparative Phenomenology, Financial Ratio, Investment, Pantau Wisata, Tourism VillageAbstract
This applied research is a development of previous research, namely the study of the business feasibility of the Jawai Laut tourist village in Sambas Regency, West Kalimantan. The researcher expanded the study by conducting a comparative study of the phenomenological approach to explore the feasibility of investment in two tourist villages in Sambas Regency, West Kalimantan, namely the Jawai Laut and the Piantus Tourist Village. This is to answer the challenges of the novelty of research exploration and support village digitalization for sustainable village economic development. The method used is a combination of the comparative-phenomenological approach. Exploration shows The Jawai Laut Tourist Village meets the investment feasibility criteria for three financial ratios, namely Payback Period (PP), Average Rate of Return (ARR), and Net Present Value (NPV). Meanwhile, the Piantus Tourist Village meets the investment feasibility criteria for two financial ratios: the Average Rate of Return (ARR) and Net Present Value (NPV). Despite some shortcomings, the financial analysis shows that investment in the two tourist villages is feasible. Investors can consider the existence of a promising projection of tourist village income in the future. This reality proves that village communities can manage their regional potential independently without eliminating their region's uniqueness.
References
Anjas, F. P., Soebagio, Rahayuningsih, T., Haryanta, D., Rejeki, F. S., Wedowati, E. R., & Puspitasari, D. (2023). Potential Mapping and Feasibility Study of Cepokolimo Village, Pacet District, Mojokerto Regency as a Tourism Village (pp. 45–57). https://doi.org/10.2991/978-94-6463-140-1_6
Bercu, A.-M. (2015). The Sustainable Local Development in Romania - Key Issues for Heritage Sector. Procedia - Social and Behavioral Sciences, 188, 144–150. https://doi.org/10.1016/j.sbspro.2015.03.350
Cottrell, S., Pearce, P., & Arntzen, J. (2008). Tourism as an Income Earner. Botswana Notes & Records, 39, 13–22.
Creswell, J. W., & Creswell, J. D. (2018). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches. Sage Publications.
Direktorat Jenderal Perimbangan Keuangan. (2024). Laporan Perkembangan Ekonomi dan Fiskal Daerah.
FaladeObalade, T. A., & Dubey, S. (2014). Managing Tourism as a source of Revenue and Foreign direct investment inflow in a developing Country: The Jordanian Experience. International Journal of Academic Research in Economics and Management Sciences, 3(3). https://doi.org/10.6007/IJAREMS/v3-i3/901
Fatmasari, D. M., & Adi, P. H. (2021). Perencanaan Dana Desa Untuk Pengembangan Desa Wisata (Studi di Desa Sepakung). Edunomika, 5(2), 1–13.
Fitriana, A., & Noviriani, E. (2024). Merancang Riset Akuntansi yang Melampaui: Langkah Awal Mencapai Ekonomi Inklusif dan Berkelanjutan. Simposium Nasional Akuntansi Vokasi (SNAV) XII, 12(1), 313–324. https://ocs.polije.ac.id/index.php/psnav/article/view/34
Forje, G. W., & Tchamba, M. N. (2022). Ecotourism governance and protected areas sustainability in Cameroon: The case of Campo Ma’an National Park. Current Research in Environmental Sustainability, 4, 100172. https://doi.org/10.1016/j.crsust.2022.100172
Fu, M., Huang, S., & Ahmed, S. (2024). Assessing the impact of green finance on sustainable tourism development in China. Heliyon, 10(10), e31099. https://doi.org/10.1016/j.heliyon.2024.e31099
Habibulloev, S., Han, F., Bakhtiyorov, Z., M.A, X., & Nuhzor, O. (2024). Factors influencing sustainable development in Eco-tourism settlements: A comparative analysis. Heliyon, 10(4), e26454. https://doi.org/10.1016/j.heliyon.2024.e26454
Hamdan, M., & Low, K. C. P. (2014). Ecotourism Development in Brunei Darussalam. Transnational Corporations Review, 6(3), 248–272. https://doi.org/10.5148/tncr.2014.6304
Harshitha, K. (2024). Comparative Analysis an Accounting Technique of Analysis and Interpretation of Financial Statement. International Journal of Research Publication and Reviews, 5(5), 3164–3168. https://doi.org/10.55248/gengpi.5.0524.1220
Heaton, J. (2022). “Pseudonyms Are Used Throughout”: A Footnote, Unpacked. Qualitative Inquiry, 28, 123–132.
Kartika, I. L., Lisnini, & Alhadi, E. (2020). Studi Kelayakan Desa Burai Sebagai Desa Wisata di Kabupaten Ogan Ilir. Jurnal Terapan Ilmu Ekonomi, Manajemen Dan Bisnis, 1(1), 20–29.
Kasmir. (2019). Analisis Laporan Keuangan. Rajawali Pers.
Kasmir, & Jakfar. (2023). Studi Kelayakan Bisnis (15th ed.). Kencana Prenada Media Grup.
Larson, A. M., Sarmiento Barletti, J. P., & Heise Vigil, N. (2022). A place at the table is not enough: Accountability for Indigenous Peoples and local communities in multi-stakeholder platforms. World Development, 155, 105907. https://doi.org/10.1016/j.worlddev.2022.105907
Maulida, N. I., Ambarwati, R., Utami, A. D., & Inggarwati, K. (2021). Analisis Studi Kelayakan Usaha Wisata Kuliner di Kali Mojo, Tegalwaton, Kabupaten Semarang. Jurnal Ekonomi, Manajemen, Akuntansi Dan Keuangan, 3(1), 6–18.
Muhsin, M., Sumanto, A., & Rahmawati, F. (2020). Feasibility Study on Sustainable Natural Tourism in Bajulmati Natural Tourism Area. International Journal of Business, Economics and Law, 21(5), 47–52.
Noviriani, E. (2021). Eksplorasi Kecerdasan Daya Juang (Adversity Quotient) Mahasiswa Akuntansi Dalam Tinjauan Fenomenologi. Sebatik, 25, 418–425.
Noviriani, E., & Fitriana, A. (2022). Menghadirkan Akuntabilitas Dan Transparansi: Langkah Rekonstruksi Pelaporan Keuangan Masjid. Proceeding Simposium Nasional Akuntansi Vokasi (SNAV) X, 1(1), 371–379.
Noviriani, E., Prihartini, N., & Delyanet. (2024). Eksplorasi Kelayakan Bisnis Desa Wisata Jawai Laut Melalui Rancangan Website “Pantau Wisata”: Apakah Layak? Indonesian Accounting Literacy Journal, 5(1), 1–18.
Purnamawati, I. G. A., Yuniarta, G. A., & Jie, F. (2023a). Strengthening the role of corporate social responsibility in the dimensions of sustainable village economic development. Heliyon, 9(4), e15115. https://doi.org/10.1016/j.heliyon.2023.e15115
Purnamawati, I. G. A., Yuniarta, G. A., & Jie, F. (2023b). Strengthening the role of corporate social responsibility in the dimensions of sustainable village economic development. Heliyon, 9(4), e15115. https://doi.org/10.1016/j.heliyon.2023.e15115
Qotrunnada, S., & Fauziyah, E. (2023). Kajian Kelayakan Finansial Pariwisata Pantai Tlangoh di Kabupaten Bangkalan. Jurnal Ganec Swara, 17(2), 412–419.
Ramdan, R. M., & Ihkwana, A. (2016). Analisa Kelayakan Pengembangan Wisata di Desa. Cimareme Kecamatan Banyuresmi Garut. Jurnal Kalibrasi, 14(1), 101–110.
Rizkiningtyas, T. W., Zaoredha, M., Larasati, N. S., & Inggarwati, K. (2022). Analisis Kelayakan Usaha Pengembangan Wisata Telaga Bleder Kabupaten Magelang. Journal of Applied in Business Management and Accounting , 2(13), 56–67.
Rocca, L. H. D., & Zielinski, S. (2022). Community-based tourism, social capital, and governance of post-conflict rural tourism destinations: the case of Minca, Sierra Nevada de Santa Marta, Colombia. Tourism Management Perspectives, 43, 100985. https://doi.org/10.1016/j.tmp.2022.100985
Rosalina, P. D., Dupre, K., Wang, Y., Putra, I. N. D., & Jin, X. (2023a). Rural tourism resource management strategies: A case study of two tourism villages in Bali. Tourism Management Perspectives, 49, 101194. https://doi.org/10.1016/j.tmp.2023.101194
Rosalina, P. D., Dupre, K., Wang, Y., Putra, I. N. D., & Jin, X. (2023b). Rural tourism resource management strategies: A case study of two tourism villages in Bali. Tourism Management Perspectives, 49, 101194. https://doi.org/10.1016/j.tmp.2023.101194
Sultana, Mst. A., Sunny, A. R., Hussain, Md. A., Islam, M. R., Raposo, A., Shiam, S. A. Al, Foysal, A. M., Nahiduzzaman, Md., Kunda, M., Ashrafuzzaman, Md., Han, H., & Prodhan, S. H. (2025). Beyond economics: The multitude of benefits from ecosystem services in the Meghna river basin. Regional Studies in Marine Science, 81, 103985. https://doi.org/10.1016/j.rsma.2024.103985
Sutawa, G. K. (2012). Issues on Bali Tourism Development and Community Empowerment to Support Sustainable Tourism Development. Procedia Economics and Finance, 4, 413–422. https://doi.org/10.1016/S2212-5671(12)00356-5
Wang, Y., & Tziamalis, A. (2023). International tourism and income inequality: The role of economic and financial development. Tourism Economics, 29(7), 1836–1864. https://doi.org/10.1177/13548166231177106
Wardhana, I. W., Arifin, B., Suhendra, M., Wicaksono, E., Saputra, A. H., Tenrini, R. H., Ariutama, I. G. A., Djunedi, P., Solikin, A., Damayanty, S. A., Setiawan, H., Handoko, R., & Rahman, A. B. (2018). KAJIAN DANA DESA Analisis Empiris Badan Usaha Milik Desa, Kesempatan Kerja, Dan Infrastruktur Pada Seribu Desa Di Indonesia. Kerja Sama Penelitian Antara Badan Kebijakan Fiskal Dan Politeknik Keuangan Negara STAN Kementerian Keuangan. Badan Kebijakan Fiskal Kementerian Keuangan.
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Jati: Jurnal Akuntansi Terapan Indonesia
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Copyright Agreement and License
In order to be accepted and published by Jati: Jurnal Akuntansi Terapan Indonesia, author(s) submitting the article manuscript should complete all the review stages. By submitting the manuscript, the author(s) agreed to the following terms:
The copyright of received articles shall be assigned to Jati: Jurnal Akuntansi Terapan Indonesia as the publisher of the journal. The intended copyright includes the rights to publish articles in various forms (including reprints). Jati: Jurnal Akuntansi Terapan Indonesia maintain the publishing rights to the published articles. Authors are permitted to disseminate published articles by sharing the link/DOI of the article at Jati: Jurnal Akuntansi Terapan Indonesia. Author are allowed to use their articles for any legal purposes deemed necessary without written permission from Jati: Jurnal Akuntansi Terapan Indonesia with an acknowledgment of initial publication to this journal
License
All articles published in Jati: Jurnal Akuntansi Terapan Indonesia are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC-BY-NC).
