“We saw continued robust growth across all business lines,” said James Liang, chairman & CEO of Ctrip. “Both our accommodation reservation and transportation ticketing businesses reached record-high revenues of over CNY1 billion, a landmark achievement in China’s online travel industry. “Accommodation reservation, air ticketing and transportation ticketing maintained strong year-over-year volume growth of 55%, 60% and 106% respectively. Such performance, coupled with increased revenue generation and improved cost control of our new businesses, has allowed us to remain the most profitable travel company in China.” Driven by the strong Chinese domestic and outbound travel markets, Ctrip has seen strong sales and revenue growth in recent years. But these financial gains have generally been offset by soaring costs. In Q2 2015, Ctrip’s product development expenses increased by 66% to CNY797m, while sales and marketing costs climbed 42% to CNY679m. Get the full story at Travel Daily Asia Read also "Tencent Offers to Buy eLong" at Nasdaq and "More signs Ctrip may make an offer for struggling eLong" at EJ Insight