This is a small stroller so it is actually nice for traveling and occasional, undemanding use such as shopping centers, yes. It is on the simple side so don't expect any crazy comfort on bumps or everyday multi-hour use though.
The folded dimensions of 54.5 cm x 51 cm x 31.5 cm should fit some airlines' requirements for cabin luggage, but it won't always fit, I'm afraid, so be sure to check with your airlines of choice if you will need to take it as cabin luggage.
Also, because of the small dimensions, the seat is not huge. It s nicely sized, however, and will last you some, but I would never expect a travel stroller to last until about 5 years unless your children are absolutely tiny, compared to most kids.