Global expansion is of equal importance to the Priceline Group, according to Fogel who specifically called out the strategic importance that his company places on China. Priceline just made a $450 million investment in Chinese online travel agency Ctrip in October, which Fogel pointed out brings Priceline’s total investment value in Ctrip to more than $2 billion. Priceline’s culls its China hotel inventory from Ctrip while Ctrip users have access to deals from and, Priceline’s Asia-based platform. Get the full story at Tnooz