REI is going to suffer because of this. There's a very good reason that people were working in centralized offices before the pandemic. So-called "infrastructure" was there before the pandemic in the form of virtual meeting spaces. They were used for extremely specific purposes, but cannot replace real face-to-face meetings.

Corporations weren't just sending people on business trips on airlines to waste money, they were doing it because it was more profitable in the long run to send people to physical locations. And no, the "infrastructure" has not evolved over the last year. Until you can physically reach out and shake hands with someone over the internet, it will not replace or even make a dent in business travel long term.

Any corporation that says they are doing away with business travel is either virtue signalling or making very poor future financial decisions based on an unprecedented economic recession.