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SHARE-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2023
SHARE-BASED COMPENSATION |
Summary of significant assumptions used to estimate the fair value of stock options | ​
​ | ​ | ​ | ​
​ |  | 2023 |
Suboptimal exercise factor |  | 2.80 | ​
Risk-free interest rate |  | 3.61 | %
Volatility |  | 49.31 | %
Dividend yield |  | 0.80 | %
Life of option |  | 10 | 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$’million
Share options outstanding at January 1, 2023 |  | — |  |  |  |  |  |
Granted |  | 28,625,350 |  | 2.80 |  |  |  |
Share options outstanding at June 30, 2023 |  | 28,625,350 |  | 2.80 |  | 9.98 |  | 31
Share options vested or expected to vest at June 30, 2023 |  | 26,524,250 |  | 2.80 |  | 9.98 |  | 29
Share options exercisable at June 30, 2023 |  | — |  |  |  |  |  |
Summary of the Group's nonvested restricted stock activity | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted
​ | ​ | Number of | ​ | Average Grant
​ |  | Restricted Stocks |  | Date Fair Value
​ | ​ |  | ​ | US$
Nonvested restricted stocks outstanding at January 1, 2023 |  | 76,939,150 |  | 1.88
Granted | ​ | 29,620,310 | ​ | 3.67
Forfeited | ​ | (596,410) | ​ | 2.60
Vested | ​ | (4,141,540) | ​ | 1.54
Nonvested restricted stocks outstanding at June 30, 2023 | ​ | 101,821,510 | ​ | 2.41
Schedule of share-based compensation expense recognized | ​
​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30,
​ |  | 2022 |  | 2023
Hotel operating costs |  | 18 |  | 16
Selling and marketing expenses |  | 2 |  | 3
General and administrative expenses |  | 28 |  | 42
Total |  | 48 |  | 61

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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