In any case, so many pubs and other places have now started having ticket-only admission on December 31, that a lot of town centres have become utterly dreary places on that night. Where it's still the custom for people to wander in and out, having a drink here and there –maybe in fancy dress – and gather round the town hall clock at midnight for Auld Lang Syne: then there's some sense in going out.
If your town doesn't have this kind of atmosphere, and you haven't got a nice party to go to, surely staying at home, maybe with a few friends, is as good as spending the whole evening in one bar or restaurant. The main thing is to remember when it's nearly midnight – nobody likes to miss that.