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Viad Corp Reports Results for the 2021 Second Quarter Completes Debt Refinancing for Enhanced Financial Flexibility Exhibit 99.1 Sequential quarter revenue more than doubles as business activity accelerates at Pursuit and GES New debt structure provides strong foundation for continued growth PHOENIX , August 5 , 2021 -- Viad Corp ( NYSE : VVI ) , a leading provider of experiential leisure travel and live events and marketing experiences , today reported financial results for the 2021 second quarter . Steve Moster , president and chief executive officer , commented , " We ended the second quarter in a solid liquidity position and are experiencing an acceleration of business activity at both Pursuit and GES . As the number of vaccinations increases and pandemic restrictions are lifted , we are seeing strong pent - up demand for leisure travel and the return of in - person events . 99 Moster continued , “ Our team has done a great job navigating the shifting challenges of the pandemic and positioning our businesses for greater success in the future . We have made structural changes to enhance the revenue mix and margin profile of GES , we have continued to pursue high - margin , high - return growth opportunities at Pursuit , and we recently refinanced our debt to enhance our financial flexibility . With the recovery of our industries underway and the additional flexibility provided by our new debt structure , we are even more excited about our company's future . " Second Quarter 2021 Results Second quarter revenue was $ 61.2 million , up from $ 30.1 million in the 2020 second quarter . Sequential quarter revenue grew 112 % . These improvements reflect the loosening of restrictions related to the COVID - 19 pandemic and the opening of seasonal and new experiences at Pursuit . The second quarter net loss attributable to Viad was $ 42.0 million and our adjusted segment EBITDA * was negative $ 19.6 million . Refer to Table 2 of this press release for a discussion and reconciliation of this non - GAAP financial measure to its most directly comparable GAAP financial measure . Regarding Pursuit , Moster commented , " At Pursuit , second quarter revenue reached 66 % of the amount generated in the 2019 second quarter , reflecting strong pent - up leisure travel demand in destinations without significant COVID restrictions . Our Glacier and Alaska experiences , which draw largely domestic travelers , performed very well during the quarter and advance bookings in those locations are pacing for a record year in 2021. Visitation at our Canadian experiences remained constrained during the quarter due to the international border closure and other restrictions that were in place . As restrictions are being relaxed across Canada , we are seeing increased bookings there and we look forward to the recently announced opening of the Canadian border to vaccinated U.S. citizens on August 9th . " Regarding GES , Moster commented , “ GES ' second quarter revenue remained well - below pre - COVID levels but did experience a sequential quarter increase of about 30 % as more locations re - opened for in - person events . Most U.S. states have re - opened for in - person events , and we continue to see increased activity and strengthening show schedules going forward . As revenue comes back , the structural - more -