(1) Background: Tourism is a prominent industry with the capability to generate income for developed as well as developing countries. However, studies are still lacking, particularly those specifically investigating the perception of local residents towards tourism. The perception of the locals is important, since it could determine the extent of their support for tourism development. In addition, previous research has found that male residents are more supportive towards tourism development. Therefore, this factor is adapted in this study to additionally examine whether gender may influence the tourism industry. (2) Methods: This study used Structural Equation Modeling (SEM) technique for determining the structural estimates between constructs. (3) Results: The respondents agree that positive perception, negative perception and tourism impact have a significant impact on support for tourism development, which has been recognized as a Social Exchange Theory model. Moreover, the findings also reveal that gender has the potential to moderate the causal effects of tourism impact on tourism development. (4) Conclusion: The residents understand the tourism sector could strengthen the national economy, but they also want natural resources to be protected.