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Dolphin Cove Navigates Tourism Dip
Description
Dolphin Cove Limited faced a 39% revenue drop in Q1 2026 to $2.5M, driven by Hurricane Melissa’s lingering impact on Jamaica’s tourism recovery — fewer flights, slower hotel reopenings, and limited room availability hit both Dolphin Cove and Yaaman Adventure Park. Profit margin plummeted 83%, but a $170K reversal of impairment charges kept them profitable at $140K. Still, there’s hope: strong Latin American growth, solid cruise performance, and targeted marketing boosted local demand. Looking ahead, the company remains bullish on Jamaica’s tourism rebound and is doubling down on market diversification and guest experience upgrades to drive recovery through the rest of 2026.
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