French Vacation residences Get Rescue Package.

The guide awards 1 to 3 stars to a low number of bistros of exceptional quality. The majority are found in beach locations, with a 3rd of the developments in skiing resorts, 17% in towns, and 8% in the country. The developments are actually a compound between a hotel and a furnished flat - effectively serviced flats for vacation use. The sector leader in these developments is Pierre et Vacances, with around one 3rd of all bed-spaces. When these tax benefits are joined with an assured rent and transfer of management responsibility to an operator, it has looked an impossible to resist offer. As a consequence, many speculators have done very well out of these schemes, which have been one of the premium investment products in France. For the island of Mallorca to have 5 cafes with Michelin stars is actually a feat and a great complement to Mallorcan cuisine, its cooks and its cafes.

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