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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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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
​

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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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