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

  ​ ​ ​

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

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, 2026

 

24,406,030

 

2.80

 

 

Granted

128,720

2.80

Exercised

(98,140)

2.80

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

Weighted

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

Six Months Ended June 30,

  ​ ​ ​

2025

  ​ ​ ​

2026

Hotel operating costs

 

16

16

Selling and marketing expenses

 

4

6

General and administrative expenses

 

227

243

Total

 

247

265