v3.26.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
SHARE-BASED COMPENSATION  
Summary of significant assumptions used to estimate the fair value of stock options

  ​ ​ ​

2025

 

Suboptimal exercise factor

 

2.80

Risk-free interest rate

 

4.68

%

Volatility

 

51.75

%

Dividend yield

 

4.60

%

Life of option

 

8 years

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

Weighted

Weighted

Average

Aggregate

Number of

Average

Remaining

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

 

 

Forfeited

(2,410,610)

2.80

Exercised

(1,911,860)

2.80

Adjusted for performance conditions

(179,370)

2.80

Share options outstanding at December 31, 2025

 

24,406,030

 

2.80

 

7.40

 

46

Share options vested or expected to vest at December 31, 2025

 

22,471,610

 

2.80

 

7.40

 

43

Share options exercisable at December 31, 2025

 

1,716,960

 

2.80

 

7.41

 

3

Summary of the Group's nonvested restricted stock activity

Weighted Average

Number of

Grant Date

  ​ ​ ​

Restricted Stocks

  ​ ​ ​

Fair Value

  ​

US$

Nonvested restricted stocks outstanding at January 1, 2025

 

127,537,010

 

2.78

Granted

7,619,230

3.09

Forfeited

(4,319,980)

2.93

Vested

(17,714,260)

2.40

Adjusted for performance conditions

215,790

3.22

Nonvested restricted stocks outstanding at December 31, 2025

113,337,790

2.86

Schedule of share-based compensation expense recognized

Years Ended December 31, 

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

Hotel operating costs

31

31

33

Selling and marketing expenses

 

6

 

6

 

7

General and administrative expenses

 

106

 

285

 

380

Total

 

143

 

322

 

420