"Decoding Michelin Guide's Star System for Restaurants"

TL;DR
The Michelin Guide awards stars to restaurants based on specific criteria, including the quality of products, mastery of cooking techniques, harmony and balance in flavors, the personality of the chef as expressed on the plate, and consistency over time and throughout the menu. Michelin still sells tires, but international teams of inspectors review restaurants in countries around the world, with guides in several US cities. One star is worth a stop, two stars worth a detour, and three stars worth a special journey. There are only about 140 three-star restaurants worldwide, 13 of them in the United States.
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