Viad Corp Hotel Suffers Fire Damage

Business Wire

135-Room Mount Royal Hotel in Banff, Canada Closed Until Further Notice

PHOENIX--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI) announced today that its 135-room Mount Royal Hotel in downtown Banff, Canada was evacuated yesterday due to a fire and is now closed until further notice. All guests and employees were evacuated without harm.

Steve Moster, Viad's president and chief executive officer, said "We are grateful that all guests and employees of the hotel were unharmed and I am very thankful to our crisis management team for their successful efforts. We are working with authorities and our insurance carriers to assess the extent of the damage and the remediation that will be required to re-open the hotel. We will provide updates as more information becomes available.”

The Mount Royal Hotel is owned and operated by Viad year-round. It generated approximately 4 percent of Viad’s Travel & Recreation Group revenue during 2016, with approximately 40 percent of that being earned during the seasonally strong third quarter.

About Viad

Viad (NYSE: VVI) generates revenue and shareholder value through its two business groups: the Marketing & Events Group (GES) and the Travel & Recreation Group (T&R). GES is a global, full-service live events company offering a comprehensive range of services to the world's leading brands and event organizers. T&R is a collection of iconic destination travel experiences that showcase the best of Banff, Jasper, Glacier, Denali and Kenai Fjords National Parks. Viad is an S&P SmallCap 600 company. For more information, visit the company's Web site at www.viad.com.