v3.26.3
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
SHARE-BASED COMPENSATION  
Summary of significant assumptions used to estimate the fair value of stock options

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​

  ​ ​ ​

2025

  ​ ​ ​

2026

 

Suboptimal exercise factor

 

2.80

​

2.80

​

Risk-free interest rate

 

4.68

%  

4.21

%  

Volatility

 

51.75

%

48.86

%

Dividend yield

 

4.60

%

5.10

%

Life of option

 

8

years

6.93

years

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

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Weighted Average

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​

​

​

Number of

​

Weighted Average

​

Remaining

​

Aggregate Intrinsic

​

  ​ ​ ​

Options

  ​ ​ ​

Exercise Price

  ​ ​ ​

Contractual Life

  ​ ​ ​

Value

​

​

​

 

US$

 

Years

 

US$’million

Share options outstanding at January 1, 2026

 

24,406,030

 

2.80

 

​

 

​

Granted

​

128,720

​

2.80

​

​

​

​

Exercised

​

(98,140)

​

2.80

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​

​

​

Share options outstanding at June 30, 2026

 

24,436,610

 

2.80

 

6.90

 

34

Share options vested or expected to vest at June 30, 2026

 

22,460,850

 

2.80

 

6.90

 

31

Share options exercisable at June 30, 2026

 

4,498,510

 

2.80

 

6.92

 

6

Summary of the Group's nonvested restricted stock activity

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Weighted

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Number of

​

Average Grant

​

  ​ ​ ​

Restricted Stocks

  ​ ​ ​

Date Fair Value

​

​

  ​

​

US$

Nonvested restricted stocks outstanding at January 1, 2026

 

113,337,790

​

2.86

Granted

​

2,199,840

​

4.60

Forfeited

​

(4,159,740)

​

2.10

Vested

​

(10,537,210)

​

2.52

Nonvested restricted stocks outstanding at June 30, 2026

​

100,840,680

​

2.96

Schedule of share-based compensation expense recognized

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Six Months Ended June 30,

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  ​ ​ ​

2025

  ​ ​ ​

2026

Hotel operating costs

 

16

​

16

Selling and marketing expenses

 

4

​

6

General and administrative expenses

 

227

​

243

Total

 

247

​

265

​