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SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024		28,519,100		2.80		​		​
Adjusted for performance conditions	​	(499,440)	​	2.80	​	​	​	​
Share options outstanding at December 31, 2024		28,019,660		2.80		8.41		14
Share options vested or expected to vest at December 31, 2024		25,868,440		2.80		8.41		13
Share options exercisable at December 31, 2024		—		—		—		—

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, 2024		95,061,300		2.54
Granted	​	43,408,450	​	3.05
Forfeited	​	(1,646,500)	​	2.84
Vested	​	(8,665,710)	​	1.44
Adjusted for performance conditions	​	(620,530)	​	3.15
Nonvested restricted stocks outstanding at December 31, 2024	​	127,537,010	​	2.78

Schedule of share-based compensation expense recognized

​

​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022		2023		2024
Hotel operating costs	​	33	​	31	​	31
Selling and marketing expenses		4		6		6
General and administrative expenses		50		106		285
Total		87		143		322

​

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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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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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