In Q4 alone, Ctrip's net revenue increased by 22 percent year-on-year to 7.6 billion yuan, the report said.

Jane Sun, Ctrip's CEO, attributed the growth to the company's innovative new products, increased support to its suppliers and customer-oriented services, despite various challenges in the past year.

The accommodation reservation business grew 21 percent to 11.6 billion yuan, which represented 37 percent of the total revenue, the report said.