v3.25.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
SHARE-BASED COMPENSATION  
Summary of significant assumptions used to estimate the fair value of stock options

    

2023

    

2025

 

Suboptimal exercise factor

 

2.80

2.80

Risk-free interest rate

 

3.61

%  

4.68

%  

Volatility

 

49.31

%

51.75

%

Dividend yield

 

0.80

%

4.60

%

Life of option

 

10

years

8

years

Summary of the Group's share option activity under the option plans

Weighted Average

Number of

Weighted Average

Remaining

Aggregate Intrinsic

    

Options

    

Exercise Price

    

Contractual Life

    

Value

 

US$

 

Years

 

US$’million

Share options outstanding at January 1, 2025

 

28,019,660

 

2.80

 

 

Granted

888,210

2.80

Exercised

(944,310)

2.80

Share options outstanding at June 30, 2025

 

27,963,560

 

2.80

 

7.90

 

17

Share options vested or expected to vest at June 30, 2025

 

26,066,050

 

2.80

 

7.90

 

15

Share options exercisable at June 30, 2025

 

1,982,150

 

2.80

 

7.92

 

1

Summary of the Group's nonvested restricted stock activity

Weighted

Number of

Average Grant

    

Restricted Stocks

    

Date Fair Value

  

US$

Nonvested restricted stocks outstanding at January 1, 2025

 

127,537,010

 

2.78

Granted

4,479,560

3.05

Forfeited

(510,300)

2.61

Vested

(11,110,110)

2.13

Nonvested restricted stocks outstanding at June 30, 2025

120,396,160

2.85

Schedule of share-based compensation expense recognized

Six Months Ended June 30,

    

2024

    

2025

Hotel operating costs

 

15

 

16

Selling and marketing expenses

 

3

 

4

General and administrative expenses

 

152

 

227

Total

 

170

 

247