SharePoint 2016 is already out of mainstream support. This means you will not receive any improvements/updates to the product itself, only security updates via the extended support.
Extended support ends for SharePoint 2016 in July 2026, which probably leaves your organisation with around 3 years on the platform max before they would have to migrate again (giving the time to move to it and get off the platform before security updates run out). It simply doesn't make sense to choose SharePoint 2016 over SharePoint 2019 from a security or a business perspective. It would be much better to move to SharePoint 2019, safe in the knowledge that you won't have to go through another expensive migration in less than 3 years time when 2019 can be used for many years to come.
There is also the argument for moving to SharePoint Server Subscription Edition rather than SharePoint 2019, since it has continuous updates and removes the need for costly upgrades from time to time since all the latest innovations are delivered through updates.