Expedia andPriceline make most of their money from hotel bookings. Priceline skews more heavily to Europe, Expedia the U.S. But both are expanding in each others' turf and other parts of the globe. In July, Expedia said that it would acquire Australia's leading online travel agency, Wotif.com Holdings, for $658 million. At the end of Q2, Expedia's global websites featured nearly 325,000 hotel properties, including around 120,000 in China through its eLong online travel site. Expedia's global hotel count, including eLong inventory in China, was up almost 50% vs. a year earlier, CEO Dara Khosrowshahi said in a Q2 conference call. Much of the growth came from Europe, the top travel market, which is fragmented with many boutique and independent properties. In the U.S., Expedia has ties with most of the big hotel chains. "They have to make more of an effort to sign up those individual hotels (in Europe)," said Naved Khan, an analyst with Cantor Fitzgerald. Get the full story at Nasdaq