Iceland’s capital has an outsize nightlife that belies its small size, and on New Year’s Eve the hard-partying locals throw a citywide celebration that lasts until the wee morning hours. The party starts with community bonfires, meant to symbolize the burning away of the previous year’s troubles, and thousands of fireworks lighting up the sky from every corner of the city. For the best view, head to the Perlan, or Pearl, which offers a fantastic view of the city and hosts a New Year’s Eve party with dinner, drinks, and dancing. If you make it to 5 a.m., join the locals queuing up for hangover-helping hot dogs, or head to the hot springs for a rehydrating soak.