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SHARE-BASED COMPENSATION (Tables)

6 Months Ended

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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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.

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-Topic 718
-SubTopic 10
-Section 50
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-Subparagraph (h)(1)
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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.

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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.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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