The company doesn’t care about the non-monetary perks.
They do care about making sure they reach the volume commitment on the bulk airfare and hotel rooms they have prepaid for in order to receive a large discount.
Prepayment that only works for the airlines and hotels if they’re not simultaneously discounting this large corporate customer’s rates AND paying fringe benefits to the end user.
And since they can’t tell you to not travel, this is generally why large company CFOs have policies in place that mandate these categories of spend are done via their travel agency, which was dominated by Concur prior to the SAP acquisition.