My work just did a big moderately disruptive shuffling of all the teams to try to localize as many members of each squad as possible in one location and the trend since COVID stopped being as deadly has been a massive wave of RTO so management seems to believe there's benefit in in person meetings or at least professes and acts like they do. I can't assign all of the huge RTO pushes to just management justifying and propping up their office real estate portfolios.
Sure, business travel is definitely still a thing. But every company I’ve ever worked at has sort of accepted that travel days are lost anyways because people come in from all over the country, get in at different times, have delayed flights, etc. My point being that I’m skeptical that companies are going to start paying 2x, 3x, 4x the cost so that their employees can get there a few hours faster, especially when, at least in my experience, it’s hard to get them to even pay for seats with extra legroom.