Here is your new buzz phrase: Rational indulgence. In a still-recovering economy and a post-AIG world, luxury for luxury’s sake is out. But combine it with responsibility, relevance, and value, and luxury is very much in. So said the planners, suppliers, and speakers at The Ritz-Carlton 2011 Luxury Meetings Forum held earlier this year at the brand’s Laguna Niguel resort in Dana Point, Calif. “The need to say, ‘Don’t tell anyone we’re at The ...

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