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Before the advent of blowdriers, this is what was used to help in styling hair. Hair would be set and the showercap-esque bonnet was worn to dry and heat set a head full of curlers or other processes.
These can serve the same function as the salon standing driers still in use today. It comes housed within a handled carrying case hence the portable designation.
It is still in working condition and a wonderful retro find!
The one flaw that I found was a vintage nail polish spill that shows on the side of the unit.
Unfortunately due to its weight, I will only be offering this in the U.S.