Turnover at Michelin-starred restaurants in France has fallen by as much as 50%, according to a new study. The Syndicat des Hoteliers Cafetiers, Restaurateurs et Traiteurs (Synhorcat) said that income had dropped by between 20% and 50% at French Restaurants from January to March this year – with higher end restaurants suffering the most from the economic downturn. It said: “Traditional restaurants have been the worst hit and, at the top level, the turnover has fallen by a half. “Business meals have been sacrificed to reduce costs, but also because of the tense social climate.”