List the significance of the meeting and convention business in tourism and hospitality industry. Explain the process of planning for a convention

Significance of Meeting and Convention Business in Tourism and Hospitality Industry:

The meeting and convention business, often referred to as MICE (Meetings, Incentives, Conferences, and Exhibitions/Events), is a vital segment of the tourism and hospitality industry. It involves hosting a wide range of events, including corporate meetings, conferences, conventions, trade shows, and exhibitions. The significance of the meeting and convention business is multifaceted and extends to various aspects of the industry:

1. Economic Impact: The MICE industry generates substantial economic benefits for destinations. It brings in a high volume of visitors who spend on accommodations, transportation, dining, shopping, and other local services, thus boosting revenue for the hospitality and tourism sectors.

2. Job Creation: Hosting meetings and conventions creates jobs in various sectors, including event planning, ____ __________ ____ ________ __________.
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