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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 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 | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​ | Average | ​ | Aggregate
​ | ​ | Number of | ​ | Average | ​ | Remaining | ​ | Intrinsic
​ | ​ | Options | ​ | Exercise Price | ​ | Contractual Life | ​ | Value
​ | ​ | ​ |  | US$ |  | Years |  | US$’million
Share options outstanding at January 1, 2023 |  | — |  | — |  | — |  | —
Granted |  | 28,625,350 |  | 2.80 |  | — |  | —
Adjusted for performance conditions | ​ | (106,250) | ​ | 2.80 | ​ | — | ​ | —
Share options outstanding at December 31, 2023 |  | 28,519,100 |  | 2.80 |  | 9.41 |  | 16
Share options vested or expected to vest at December 31, 2023 |  | 26,429,100 |  | 2.80 |  | 9.41 |  | 14
Share options exercisable at December 31, 2023 |  | — |  | — |  | — |  | —
Summary of the Group's nonvested restricted stock activity | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted Average Grant
​ | ​ | Number of Restricted | ​ | Date
​ |  | Stocks |  | Fair Value
​ | ​ |  | ​ | US$
Nonvested restricted stocks outstanding at January 1, 2023 |  | 76,939,150 |  | 1.88
Granted | ​ | 31,881,420 | ​ | 3.67
Forfeited | ​ | (2,070,020) | ​ | 1.62
Vested | ​ | (10,033,350) | ​ | 1.56
Adjusted for performance conditions | ​ | (1,655,900) | ​ | 0.70
Nonvested restricted stocks outstanding at December 31, 2023 | ​ | 95,061,300 | ​ | 2.54
Schedule of share-based compensation expense recognized | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
​ |  | 2021 |  | 2022 |  | 2023
Hotel operating costs | ​ | 39 | ​ | 33 | ​ | 31
Selling and marketing expenses |  | 4 |  | 4 |  | 6
General and administrative expenses |  | 66 |  | 50 |  | 106
Total |  | 109 |  | 87 |  | 143
​

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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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