CTRP delivered a well-above-expectation performance in Q4 2007. Its sales revenue was RMB383 million (USD53 million) in Q4 2007, increasing 59% from Q4 2006 and 11% from Q3 2007. Of the revenues in Q4 2007, hotel reservations generated RMB196 million (USD27 million), rising 42% from Q4 2006 and 12% from Q3 2007 and air ticketing generated RMB154 million (USD21 million), increasing 78% from Q4 2006 and 12% from Q3 2007. Packaged tour contributed RMB 22 million (USD3 million), growing 100% from Q4 2006 and 6% from Q3 2007. The annual revenue in 2007 reached RMB1.2 billion (USD164 million), increasing 54% from year 2006. In comparison, its competitor elong, which reported a loss of RMB 14 million, reduces RMB 2.4 million.