But how will people all around the world mark the new year?
Here are some traditions from around the world to incorporate into your own celebration this year:
Eat 12 grapes
In Spain, it is tradition to eat 12 grapes at the stroke of midnight to ensure good luck for the 12 months that lie ahead. Wearing red underwear on New Year's Eve is also a Spanish way to ensure a lucky new year.
Burn an effigy
Burning politicians and pop culture figures in effigy is a New Year's Eve tradition in Ecuador said to date back to 1895. The tradition symbolizes the burning of the old year and cleansing it of all the bad that happened during it.
Grab your suitcase
Want to do some traveling in 2017? Do as the Colombians do and carry an empty suitcase around the block.
Have a feast
Watch some fireworks
Fireworks are common in New Year's Eve celebrations around the world for a reason. Not only are they beautiful, but the Chinese tradition began as a way of warding off evil spirits in the new year. There are massive New Year's Eve fireworks displays around the world in cities like Las Vegas, Mexico City, Rio de Janeiro and Sydney.