to RMB51 million (US$8 million), "primarily driven by the increased corporate travel demand from business activities." That growth was faster than the
22 percent and
25 percent year-over-year increases reported for the previous two quarters. "Ctrip's corporate travel service maintained steady growth and gained market share in the first quarter," said COO Jane Sun during a conference call with analysts. "We see good potential as more Chinese companies proactively manage their travel expenses." Corporate travel continues to account for about 4 percent of the travel company's total revenue.