Happy New Year? It is for our bank balances! The cost of a New Year night out is getting cheaper, with prices to events falling significantly over the past 10 years.

Exclusive data from event guide and ticketing outlet, Skiddle, reveals that the price of a ticket for a New Year’s Eve event has dropped year on year since 2008 across all regions of the UK.

Birmingham has seen the biggest drop in ticket prices over the past 10 years, falling by £39 on average since 2008. Birmingham is now officially the cheapest city in the UK to have a New Year night out, with the average price of a ticket coming in at £32 – down from £56 five years ago and £71 in 2008.

Whilst London is still – unsurprisingly – the most expensive place in the country to party on New Year’s Eve – with ticket prices averaging out at £55 in 2017 – Londoners will be pleased to see that parties in the Capital have become more affordable. In 2008, the average price of a ticket was a whopping £84, compared to £57 in 2013 and £55 in 2017.

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Manchester, Glasgow and Leeds have also seen prices drop over the past 10 years, with all regions offering average ticket prices of £33 in 2017. Manchester ticket prices have decreased by £18 since 2008, whilst Leeds and Glasgow prices have fallen steadily by £2 over the past five years.

It seems our love for a New Year party shows no signs of abating, with the number of events on offer increasing by 55% from 2013 to 2017. Skiddle have also seen ticket sales for New Year’s Eve increase by 145% over the past five years, showing our desire to party the night away is stronger than ever – perhaps as a result of falling ticket prices.

Commenting on the cost of New Year’s Eve, Richard Dyer, Co-Founder and Director at Skiddle, said:

“The falling cost of New Year events is very welcome for music lovers and party-goers across the UK. New Year’s Eve is by far the biggest night of the year, so it is encouraging to see that more people can enjoy the festivities and celebrate without as much of an impact on their wallets. Skiddle are seeing huge growth in ticket sales and the number of events on offer and is it this increased competition that could be impacting positively on ticket prices. 2018 is looking set to follow the same trend, which is great news for our customers and their bank balances come January 2nd!”

Adam is the co-founder and editor of www.eventindustrynews.com Adam, a technology evangelist also organises Event Tech Live, Europe’s only show dedicated to event technology and the Event Technology Awards. Both events take place in November, London.