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Bakuun welcomes Doros Theodorou as Group Chief Commercial Officer

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Bakuun Holdings, a leader in travel technology innovation, is excited to announce the appointment of Doros Theodorou as Group Chief Commercial Officer (CCO). Doros joins Bakuun with over 20 years of experience leading commercial teams and driving growth, transformation, and innovation across both B2B and B2C travel and hospitality channels.

As Group CCO, Doros will spearhead Bakuun’s commercial strategy, fostering key partnerships, enhancing client relationships, and guiding revenue growth across the company’s brand portfolio, including PayDocker, RateDock, and ChannelsGate. With his expertise in marketing, sales, distribution, and revenue management, he will play a critical role in positioning Bakuun at the forefront of global travel technology solutions.

“Doros brings invaluable industry knowledge and a visionary approach to Bakuun,” said Nigel Horne, CEO of Bakuun. “His leadership and innovative mindset will be instrumental as we expand our product offerings and continue supporting our travel industry partners through cutting-edge, efficient technology.”

Throughout his career, Doros has demonstrated a unique ability to build scalable teams and solutions that address the complex and evolving needs of the travel ecosystem. He is passionate about creating value, empowering people, and delivering impactful, results-oriented strategies.

“I am thrilled to join Bakuun at such a pivotal time for the company,” said Doros Theodorou. “With its impressive portfolio of brands and commitment to revolutionising travel technology, I look forward to collaborating with the team to drive forward innovative solutions that deliver outstanding value to our clients and partners.”

The addition of Doros to Bakuun’s executive team underscores the company’s commitment to strengthening its leadership and scaling its impact within the competitive travel technology industry.

 

 

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Air Canada reports Third Quarter 2024 Financial Results

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Air Canada Reports Third Quarter 2024 Financial Results. (CNW Group/Air Canada)

 

Air Canada reported solid results for the third quarter on key metrics, with operating revenues of $6.1 billion and operating income of $1 billion. Adjusted EBITDA of $1.5 billion and our adjusted earnings per share of $2.57 were both ahead of market expectations. We delivered on our ongoing operational improvement program, with quarterly on-time performance rising eight percentage points over the same period in 2023. I thank all our employees for their care and dedication in safely moving nearly 13 million customers in the quarter, including our Olympic and Paralympic athletes to the summer games in Paris,” said Michael Rousseau, President and Chief Executive of Air Canada.

“Summer is our peak season and this year our pilot contract negotiations added complexity. We proactively offered options and flexibility to customers, and I am proud that we concluded a mutually beneficial agreement without significant disruption to customers and with a contained revenue impact. I thank our customers for their loyalty and reiterate our promise to keep providing industry-leading products and services to them.

“The demand environment remains favourable. We have adjusted our full year guidance and underlying assumptions to account for the evolution of the fuel price environment and for certain contract-related adjustments. We are delivering on our commitments and are confident in our future. We are now announcing a new share buyback program, addressing some of the dilution experienced from financing decisions necessary during the pandemic, and returning value to shareholders. This additional step, after paying down our debt and funding our growth, is consistent with our capital allocation roadmap and our strategic plan, which we will detail at our Investor Day on December 17, 2024,” said  Rousseau.

Third Quarter 2024 Financial Results

The following is an overview of Air Canada‘s results of operations and financial position for the third quarter 2024 compared to the third quarter 2023.

  • Operating revenues of $6.106 billion decreased $238 million or 4%, resulting from lower passenger revenues.
  • Operated capacity increased 3%, lower than the capacity guidance of 4%-4.5% increase communicated in Air Canada‘s news release dated August 7, 2024. This was primarily due to fleet constraints and to adjustments made to the operating schedule.
  • Operating expenses of $5.066 billion increased $137 million or 3%. The increase was largely due to higher costs in most line items due to capacity growth and was partially offset by certain contract-related adjustments recorded this quarter.
  • Operating income of $1.040 billion, with an operating margin of 17.0%, declined $375 million.
  • Adjusted EBITDA of $1.523 billion, with an adjusted EBITDA margin* of 24.9%, declined $307 million.
  • Net income of $2.035 billion, which included a favourable tax asset recognition of $1.154 billion, and diluted earnings per share of $5.38 compared to $1.250 billion and $3.08 per diluted share, respectively.
  • Adjusted net income* of $969 million and adjusted earnings per diluted share* of $2.57, compared to $1.281 billion and $3.41 per diluted share, respectively.
  • Adjusted CASM* of 12.15 cents decreased 0.4%, primarily due to the impact of contract-related adjustments recorded in the third quarter of 2024.
  • Net cash flows from operating activities of $737 million increased $329 million.
  • Free cash flow* of $282 million increased $147 million.
  • Net debt-to-adjusted EBITDA ratio* (leverage ratio) was 1.0 at September 30, 2024, compared to 1.1 at December 31, 2023.

Outlook

For the full year 2024Air Canada is updating its guidance to account for updated expectations of jet fuel prices and the impact of contract-related cost adjustments. Full year 2024 guidance is as follows:

Metric 2024 Guidance Prior 2024 Guidance
ASM capacity Approximately 5% increase versus 2023 5.5% to 6.5% increase versus 2023
Adjusted CASM Approximately 2% increase versus 2023 2.5% to 3.5% increase versus 2023
Adjusted EBITDA Approximately $3.5 billion $3.1 billion to $3.4 billion

Major Assumptions

Air Canada made assumptions in providing its guidance—including moderate Canadian GDP growth for 2024Air Canada also assumes that the Canadian dollar will trade, on average, at C$1.36 per U.S. dollar for the full year 2024 and that the price of jet fuel will average C$1.00 per litre for the full year 2024.

 

 

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Phetchaburi, Thailand to host PATA Destination Marketing Forum

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Phetchaburi in central Thailand has been announced as the host city for this year’s PATA Destination Marketing Forum.

The Tourism Authority of Thailand (TAT) made the announcement on Friday, 1st November, and the event will be held from 12 to 14 November at the Dusit Thani Hua Hin Hotel.

The event is expected to draw in over 300 industry leaders, aligning with Thailand’s 20-year National Strategy to boost international MICE tourism and underscore Thailand’s prominence as a business events hub.

This marks the fourth time that Thailand has hosted the PATA Destination Marketing Forum. Prior to this, the country hosted the event in 2018 in Khon Kaen, in 2019 in Pattaya, and in 2022 in Songkhla.

Front and centre as a MICE destination

Phetchaburi’s hosting of the Forum demonstrates its readiness for large-scale international events.

Acting governor Wanpen Mangsri said: “Hosting the PATA Destination Marketing Forum 2024 is an excellent opportunity for Phetchaburi to enhance its image as a MICE destination and an international conference hub. Our diverse natural and cultural attractions, combined with our designation as a UNESCO Creative City of Gastronomy, position us ideally for this role.”

The province is organising the event in collaboration with TAT, the Pacific Asia Travel Association (PATA), the Thailand Convention and Exhibition Bureau (TCEB), the Designated Areas for Sustainable Tourism Administration (DASTA), as well as various public and private sector agencies.

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Uzbekistan Airways starts flights from Goa to Tashkent

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The airline will now operate two weekly flights from GOX every Sunday and Wednesday, using a narrow-body Airbus A320 or equivalent aircraft.

Uzbekistan Airways JSC, in partnership with its longstanding Indian collaborator Arya Enterprises, launched its inaugural flight HY430 from Mopa, Goa (Manohar International Airport in North Goa) on October 27.

The first aircraft was greeted with a water cannon salute to honour the airline’s launch from GOX. The airline participated in a lamp-lighting ceremony with its team and provided all passengers with welcome goodies, including dry fruits and neck pillows.

The flight arrived from Tashkent with 111 passengers and departed with a total of 82 passengers. “The flight returned to Tashkent with 82 passengers, including 40 students flying to Russia for medical studies,” said Anish Arya of Arya Enterprises, the representative for Uzbekistan Airways in India.

Arya added, “This is the second route launch in India for Uzbekistan Airways in 2024, following the launch of regular flights ex Mumbai on 02 April 2024. “The airline will now operate two flights per week, every Sunday and Wednesday, from GOX airport. Visas to the Republic of Uzbekistan can be obtained online at www.e-visa.gov.uz.

Mopa airport is developed by GMR Goa International Airport Limited (GGIAL). On average, the airport handles around 100 aircraft movements and approximately 15,000 passengers daily.

 

 

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Emirates Group raises UAE Flag High

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The Emirates Group’s workforce, a diverse tapestry of nationalities and cultures, gathered at its headquarters for the annual tradition of raising the UAE flag high in a proud tribute to the nation’s symbol of unity and strength.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline & Group led the ceremony by hoisting the flag while the national anthem played in the background to honour the occasion.

The hoisting of the UAE flag was watched by employees from across the Group’s many businesses. Raising the flag on this day reflects the shared respect and admiration for the UAE, a prosperous nation and a global economic powerhouse for a myriad of sectors and industries, including aviation, all while safeguarding and preserving its strong cultural values and nurturing the capabilities of its citizens and residents.

Observed annually on 3 November, UAE Flag Day honours the nation’s founding fathers, whose visionary leadership set the country on a path of remarkable accomplishments, recognized on both regional and global stages.

 

 

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Etihad Airways and Vietnam airlines strengthen ties

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Etihad Airways and Vietnam Airlines are set to work towards a collaboration for the benefit of their customers after signing a Memorandum of Understanding (MoU) for a potential agreement.

The MoU reflects a dedication to exploring an enhanced working relationship, where the airlines plan to implement a broad collaboration including a codeshare, reciprocal loyalty programmes, cargo transport, maintenance, repair and overhaul, and ground handling.

The two airlines have an existing interline agreement, allowing passengers to seamlessly transfer between flights on either carrier without the need to collect baggage or check in again.

Jurriaan Stelder, Etihad’s Vice-President Alliances, said: “This MoU is an important milestone to establishing a long-term mutually beneficial collaboration, opening the door for both airlines to explore the benefits of a deeper relationship. Our collective ambition is to further strengthen both airlines’ ability to provide and enhance service to our customers.”

Nguyen Chien Thang, Vietnam Airlines’ Executive Vice President, said:  “We are delighted to sign this MoU with Etihad Airways, marking an important milestone in expanding our relationship. Through comprehensive collaboration, including codeshare, loyalty programmes, cargo, and technical support, we believe we will deliver exceptional benefits to the customers of both airlines and further strengthen connectivity between Vietnam and the UAE.”

The MoU was signed at a ceremony in Dubai on Monday, 28 October in front of government and business leaders from the UAE and Vietnam.

 

 

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flydubai celebrates UAE Flag Day

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flydubai celebrated UAE Flag Day, marking the momentous occasion that unites citizens of the United Arab Emirates in honour of the spirit of the nation.

Ghaith Al Ghaith, Chief Executive Officer, and the senior management team at flydubai were joined by the airline’s growing workforce at the flydubai Campus to mark UAE Flag Day.

“As we gather today with our colleagues, we reflect on the profound symbolism of the UAE flag—an emblem of our unity, strength and shared aspirations that represent our rich heritage and the values that bind us together. We take immense pride in our role in showcasing the UAE’s values and culture to the world.

As we raise our flag high today, we reaffirm our commitment to innovation, agility and community, reflecting the very essence of what it means to be a part of this incredible nation.

This day is not just a celebration of our flag; it is also a celebration of our founding fathers, His Highness Sheikh Zayed bin Sultan Al Nahyan and His Highness Sheikh Rashid bin Saeed Al Maktoum, for their historic role in establishing the Union, reinforcing national identity within UAE society and honouring those who have left an indelible mark on the history and legacy of the UAE,” said Al Ghaith.

 

 

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Visit Qatar’s invites GCC travellers to discover winter in Qatar

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Visit Qatar has launched its new campaign titled قطر، على هواك (Qatar, based on your heart’s desire) designed to inspire travellers from across the GCC to experience Qatar’s unqiue winter offerings. Building on a record-breaking tourism season, this campaign aims to elevate Qatar’s position as a leading destination for a family-friendly winter escape, featuring a variety of must-visit attractions and events catering to all interests and ages.

The campaign stars Saudi actor Yousef Al Jarrah and Bahraini artist Ahmad Sharif, with special cameo appearances by Qatar’s very own Chef Noof Al Marri and inspirational Qatari speaker Ghanim Al Muftah. Together, they take viewers on an engaging journey showcasing the State of Qatar’s tourism offering, showcasing the country’s unique blend of culture, entertainment, and hospitality that combined make Qatar an ideal destination for couples, families, and groups of friends.

Eng. Abdulaziz Ali Al Mawlawi, CEO of Visit Qatar, said: “Qatar’s unique winter atmosphere and diverse entertainment options make it the perfect destination for both short and long getaways. Our aim is to create unforgettable moments for everyone who comes to explore. As winter approaches, we invite our brothers and sisters from across the GCC to visit Qatar and enjoy a memorable journey catered to their interest.”

Something for Everyone

Qatar caters to diverse interests, making it an ideal destination for couples, families, and friends alike. For those seeking thrilling adventures, Quest, an indoor theme park in Doha, boasts the world’s tallest indoor roller coaster and drop tower, all set within a futuristic architectural design that seamlessly merges advanced technology with exciting attractions.

For cultural enthusiasts, Our Habitas Ras Abrouq is designed to exemplify eco-friendly luxury by harmonising sustainable practices with the desert landscape. This resort offers communal experiences that promote connection and wellness, alongside curated activities centred on Bedouin traditions and stargazing. Additionally, the Katara Amphitheatre presents a fusion of Greek and Islamic architectural styles, accommodating over 5,000 spectators for cultural events against the backdrop of the Arabian Gulf.

For retail and dining, West Walk offers a vibrant hub of shopping, dining, and leisure, focusing on family-friendly activities and contemporary art. Galeries Lafayette Doha, part of a prestigious French chain, features luxury fashion and exclusive collections, while 21 High Street provides a climate-controlled shopping environment. The Pearl-Qatar, a man-made island reflecting Qatar’s pearling heritage, includes a luxurious marina and a variety of options of exceptional restaurants and cafes. Katara Towers, designed in the shape of traditional Qatari scimitars, embody the nation’s heritage and commitment to sustainability, functioning as a mixed-use development.

In addition, Qatar’s beaches cater to a variety of preferences, ranging from family-friendly locations such as Katara Beach to the tranquil shores of Fuwairit and Al Khor, renowned for their sea turtle nesting and bioluminescent phenomena. Each of these locations exemplifies Qatar’s harmonious blend of modernity, culture, and natural beauty.

Easily Accessible and Visa-Free

Offering visa-free travel for 102 countries, Qatar welcomes visitors by land, air, and sea. With just a short flight from neighbouring countries, visitors can enjoy the best of Qatar’s winter sun, luxurious resorts, and vibrant cultural offerings – all within close proximity of Doha’s city center.

After welcoming a record four million visitors in 2023, Qatar’s tourism industry continues to thrive in 2024. By October this year, the country had already surpassed 3.9 million visitors, reflecting an impressive 24% growth compared to the same period in 2023. Qatar remains a top destination of choice for GCC residents and nationals, consistently attracting millions of travellers from Saudi Arabia, the UAE, Kuwait, Bahrain, and Oman.

 

 

 

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Archaeologists discover Al-Natah, in the Khaybar oasis of north-west Arabia

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New archaeological research has revealed an exceptional Bronze Age town in the Khaybar oasis of north-west Saudi Arabia. The discovery by a team led by Dr Guillaume Charloux of the Khaybar Longue Durée Archaeological Project and Dr Munirah Almushawh from the Royal Commission for AlUla (RCU) confirms a major transition from mobile, nomadic life to settled, town life in the second half of the third millennium BCE.

Published in the peer-reviewed journal PLOS One, the new research provides significant evidence to further challenge the picture of mobile pastoral-nomadism as the dominant economic and social way of life of northwest Arabia in the Early and Middle Bronze Ages.

Badr bin Abdullah bin Mohammed bin Farhan Al Saud, Governor of the Royal Commission for AlUla and Minister of Culture for Saudi Arabia, stated: “This important archaeological discovery highlights the Kingdom’s global significance in the field of archaeology and confirms the depth of civilisation that the land holds. This discovery reinforces the Kingdom’s efforts in protecting cultural and historical heritage and emphasises the importance of exchanging knowledge and expertise with the world to enhance awareness of our shared human heritage.”

He added, “This discovery confirms the Kingdom’s commitment to preserving the world’s heritage and promoting cultural heritage in accordance with the provisions of Saudi Vision 2030. It also highlights the importance of strengthening international partnerships to present this rich legacy to future generations and the world.”

It also implies that oases such as Khaybar were carefully controlled and highly valued landscapes that, with the advent of agriculture, supported permanent populations and must have been dynamic centres for regional exchanges and other interactions with the local mobile communities. This nascent urbanism and increasing social complexity had a profound impact on socio-economic organisation in the region.

While northwest Arabia in the Bronze Age was largely populated by pastoral mobile groups, the region was also dotted with interconnected, monumental walled oases centred around small fortified settlements, such as Tayma and Qurayyah.

Known as al-Natah, the newly discovered town in Khaybar is the first to provide clear evidence for differentiated functional areas – notably residential and funerary – within fortifications. Al-Natah was built around 2400-2000 BCE and endured until 1500-1300 BCE. The small town was home to some 500 people in its 2.6 hectares and was protected by the 15-kilometre stone rampart that encircled the Khaybar oasis.

The new research was sponsored by the Royal Commission for AlUla (RCU) and the French Agency for the Development of AlUla (AFALULA). The Archaeology, Collections and Conservation team at RCU is directing one of the world’s largest and most ambitious archaeological research programmes, fulfilling its goal to broaden global awareness of the AlUla region as a premier cultural heritage landscape and destination.

The cultural heritage of north-west Arabia is rich, complex and important to Saudi Arabia and beyond. By commissioning and championing revelatory research on human activity in the past, such as the project that produced these new findings in Khaybar, RCU demonstrates its leadership in regional archaeological research and its responsible custodianship of cultural heritage assets and landscape.

The Khaybar oasis is situated at the edge of the Harrat Khaybar lava field and formed by the confluence of three wadis amid an otherwise largely arid area. At the northern outskirts of the oasis, al-Natah lay buried under piles of basalt boulders for millennia.

The research team identified the al-Natah site in October 2020, though the structures and its layout were difficult to discern. By February 2024 the team had employed field surveys, targeted excavation, and high-resolution photography to achieve an understanding of what lay beneath. More extensive excavation in the future could sharpen the picture.

Dr Charloux, from the French National Centre for Scientific Research (CNRS), stated: “Our discovery challenges the ancient model of north-west Arabia in the Bronze Age as a vast desert populated by groups of nomadic pastoralists. The discovery of the al-Natah site, dated to the late Early and Middle Bronze Ages, confirms that rural urbanism arose earlier than previously believed in this region. Directly accessible below the surface, al-Natah town represents almost a thousand years of use that for the first time makes it possible to consider the complexity of a sedentary settlement in a walled oasis during the Bronze Age.”

The findings by the RCU-AFALULA-CNRS team paint a preliminary picture of what life was like for people in al-Natah. They lived in dwellings perhaps reminiscent of traditional Arabian tower houses, with the ground level possibly used for storage, and the living spaces on one or two storeys above. They walked along narrow streets to reach the centre of town. They buried their dead in stepped tower tombs, grouped together to form a necropolis. In some tombs they paid tribute to a perhaps ‘warrior’ class, by laying precious gifts in these tombs – such as ceramics, beads and metal weapons, including axes and daggers.

The people wore beads, prepared food with mortar and pestle, and made and traded pottery, travelling the regional exchange network by donkey. They worked metals, grew cereals and raised animals – the local diet was heavy on sheep and goat. They worked communally to reinforce their rampart with dry-laid stones (no mortar) and raw earth.

The research team included two Saudis working for RCU, Dr Munirah Almushawh, a co-director of the project, and Saifi Alshilali, a historian and a member of the local community in Khaybar.

The new findings add to a flurry of studies which since 2018 have explored features of ancient AlUla and Khaybar including monumental ritual structures known as mustatils, large-scale hunting traps called ‘desert kites’, long-distance ‘funerary avenues’ that linked settlements and pastures by pathways lined with tombs, and Neolithic dwellings known as ‘standing stone circles’.

Together the studies show that the early societies of north-west Arabia were more complex and connected to the wider region than previously believed. During the coming autumn fieldwork season, RCU is supporting 10 archaeological projects comprising more than 100 archaeologists and associated specialists in AlUla County and Khaybar.

The discovery furthers the emergence of AlUla and Saudi Arabia as global centres for archaeological research and intercultural dialogue. It follows the AlUla World Archaeology Symposium (AWAS 2024) which took place on Oct 30-31 and saw an interdisciplinary group of archaeologists and cultural heritage practitioners from around the world to explore the theme “Moving forward: past, present and future in the archaeology and heritage of mobile communities”.

 

 

 

 

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Parfums de Marly partners with Musée du Louvre

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Parfums de Marly announces its partnership with the world’s most visited museum to enhance a remarkable collection of 18th -century masterpieces.  Starting in September 2024 and for a period of three years, Parfums de Marly will be working alongside the musée du Louvre on a major project to restore a wing of the Decorative Arts department, known as the salles Cressent, to its former glory.

A first for the Maison de Haute Parfumerie, this initiative represents a most prestigious tribute to the Enlightenment, as well as an opportunity to reassert its passion for French cultural heritage.

A Shared Vision

“The golden age of perfumery, the 18th century also represents the apogee of refinement and the French art de vivre. The galleries that will be restored at the Louvre bear witness to a unique savoir-faire as realized by artists, goldsmiths and ingenious cabinetmakers such as Charles Cressent. Participating in the conservation and transmission of that heritage is an honor for Parfums de Marly, as well as an immense joy for me personally, given my longstanding passion for 18th-century French history.”
– Julien Sprecher, founder and artistic director of Parfums de Marly
“When we began discussions with Parfums de Marly, we naturally found out that we had a lot in common, because the Objets d’Art department presents contemporary objects from the Château de Marly. The support of Parfums de Marly has enabled us to be increasingly ambitious and to turn this into a project of excellence.”
– Olivier Gabet, director of the Decorative Arts department at the Louvre

Restoring the Splendors of the 18th Century

In the heart of the Louvre, the Decorative Arts department counts nearly 22,000 pieces, of which only 8,000 are on display due to their extreme fragility. Dedicated to the 18th century, the Cressent rooms in the Richelieu Wing are among the museum’s best-kept secrets. Bearing witness to an exceptional century, these rooms are brimming with masterpieces – furniture, objects, tapestries, paintings, and more — from the great royal manufactures as well as Royal collections. With the support of Parfums de Marly, this renovation will focus on overall scenography in order to enhance the visitor experience, featuring an updated decor, optimized lighting, a reorganization of the spaces and “distance settings” to protect the works. Selected pieces signed by Charles Cressent – including two cupboards, a chest of drawers and a flat desk – will undergo careful study to assess whether their condition warrants restoration.


An Immersion in French Art de Vivre

The aim of this scenographic redesign is to bring spaces steeped in history back into the limelight, to showcase the excellence of this collection and to create a more immersive setting that will be conducive to exploring and capturing the imagination. Armchairs face each other in a salon where erudite men and women gathered; a vase is placed precisely on a mantelpiece to emphasize the organic lines of the nascent Rococo style; interiors are not only refined but also more comfortable thanks to furniture that is less imposing than in the previous century… Detail after detail, an entire French art de vivre comes to light. A true immersion in 18th-century life.

A Three-Phase Installation

Work on lighting scenography began in September 2024. There will be a break in the first half of 2025 to coincide with the exhibition devoted to fashion in the Louvre, which will be held in all the rooms of the Objets d’Art department (24 January – 21 July 2025). Renovations will then resume with the installation of distance settings, podium furniture and scenography plans. Finally, the teams will carry out a preparatory study and the restoration of Cressent furniture.Throughout the project, Parfums de Marly will post updates on its website and social media accounts, before celebrating the inauguration and reopening of these rooms to the public in 2026.

 

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