The traveler's belt is a waist-slot item that appears in three varying degrees of quality. All three varieties hold different numbers of items and have different levels of defense.
All traveler's belts come from satyrs and satyr elders, with the 4 defense belt dropping occasionally and the 6 defense belt dropping quite rarely. The 4 defense belt can hold 2 items as long as they are not inventory items and 2 potions or beverages. The 5 defense belt can hold 4 items as long as they are not inventory items. The 6 defense belt can hold 4 items that are not inventory items and 2 potions or beverages.
Sholop buys the belts for 167, 226, and 377 gold and sells them for 1000, 1500, and 3000 from worst to best, but 6-defense traveler's belts are worth more to many players due to their rarity.