(Corrects to read KFC (not Pizza Hut), paragraph 3)
By Sophie Yu and Brenda Goh
BEIJING/SHANGHAI, May 6 (Reuters) – Yum China is betting that Chinese consumers will still choose to dine-in in the aftermath of the coronavirus crisis and plans to open more Pizza Hut and KFC outlets in China’s smaller cities in the coming months, its chief executive said.
Joey Wat, CEO of the fast food giant, said that while the virus had driven up the takeaway rate at its businesses, it continues to see expansion opportunities especially in fourth- and fifth-tier cities where there are less Western dining options and fewer competitors.
“If you want to have Western food, or a cup of fresh ground coffee, where can you go? Even the hotels don’t have it. KFC is the only choice,” Wat told Reuters in an interview.
“We will continue to be committed to the China market