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Travel + Leisure is a travel magazine based in New York City, New York. Published 12 times a year, it has 4.8 million readers, according to its corporate media kit. It is put out by American Express Publishing Corporation, which is a wholly owned subsidiary of American Express Company led by President and CEO Ed Kelly. The company also publishes Food & Wine, Travel + Leisure Family, and Departures magazines. Major competitor and rival – Condé Nast Traveler.