23,000 cancelled flights and debris raining on Dubai hotels: The Iran war is jeopardizing the $12 trillion global travel industry

Over the weekend, missile debris rained over parts of Dubai’s Palm Jumeirah, a tree-shaped, man-made island home to fine-dining establishments and luxury hotels, including the skyscraping Burj Al Arab hotel. According to local authorities, four individuals were injured in the resulting fire.

The damages sustained by the hotels is only part of the story of how the U.S.-Israeli attacks on Iran and subsequent counterattacks have shaken the travel industry around the world. More than 23,000...