But there are actually plenty of free and affordable events across the country. Here are some of the best.
What New Year's Eve events are there in London?
Head to Hyde Park's Winter Wonderland for free to explore the markets, fairground rides and a kid-friendly Santa Land.
There are also a number of bars and food venues to keep you busy throughout the night.
It closes at 10pm – giving you plenty of time to find a spot to watch the capital's New Year fireworks.
As you'll know from watching it on television, London's fireworks show is one of the most spectacular in the world.
The event is ticketed and has now sold out, but that doesn't mean you have to miss out.
Get yourself to Primrose Hill and wrap up warm to see unrivalled views without paying a penny.
Tower Bridge, Lambeth Bridge and Vauxhall Bridge are also good places to stand if you get there very early.
What New Year’s Eve events are there in Manchester?
Manchester's Christmas season will come to an end with a fireworks display in Albert Square.
Hosted by Hits Radio's Wes Butters, the countdown to midnight will be displayed on a big screen and fireworks will be released from the town hall's roof.
You can also sing in the New Year at the Ultimate Power party – an evening dedicated to "the greatest songs ever written".
The night is a tribute to power ballad royalty, from Meat Loaf to Aerosmith, Bon Jovi and more.
Tickets are available from £16.50 from Albert Hall Manchester.
What New Year’s Eve events are there in Edinburgh?
Scotland is a lively place to be to ring in the New Year, boasting a number of huge events.
Hogmanay in Edinburgh is known as one of the biggest parties in the UK. Tickets for the city's torchlight parade start from £3, or £13 for a ticket and torch.
Elsewhere, you can attend a street party that includes live music, DJs and street entertainment for £31.
At midnight, a firework display will take place against the iconic backdrop of Edinburgh Castle.
What New Year’s Eve events are there in Cardiff?
If you're a fan of live music, ice skating, rides and fireworks, Cardiff Winter Wonderland is the destination for you.
You can take to the ice, enjoy fairground rides – including a terrifying 90m Drop Tower – or just tuck into the festive food and drink on offer.
There will be a firework display at midnight, which you can watch from the event or around the city's Civic Centre.
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