When I asked myself, what one piece of travel gear would I recommend over any other that I travel with, I kept coming back to my leather change valet. This piece has been with me for several years now, and I always take it with me no matter if I am going to be gone for a quick overnighter or for a two week haul.
One of the best features of this valet is the fact that it unbuttons to lay completely flat making it extra portable, not to mention mildly entertaining.
The valet is just the right size to hold your keys, watch, ring(s), Chap Stick (an absolute must in arid hotel rooms), hotel card keys, gum or mints, and loose change. It also makes it very convenient to store loose valuables in the in room safe.
The Leather Change Valet is not a must-have by any means but it certainly keeps me organized on the road and makes a great gift for almost anyone who travels, even infrequently. You can pick one of these up for around $25-$45 depending on the retailer and personalization. The one you see pictured here came from Mori Luggage and Gifts.