Big Bashes Mean Big Bucks for World Cities

Feb. 9, 2008— -- Head to Rio this weekend and you'll find an entire city getting down. Every block is an explosion of music. Scantily clad beauties shimmy down spectator-lined streets, and well-heeled partygoers gather in liquor-stocked suites at the Sambadrome, the festival's unofficial headquarters.

Rio Carnival is just one of a number of global hot spots that welcomes thousands of visitors looking to take part in the most decadent of celebrations. Among the more popular: Munich's Oktoberfest, Mardi Gras and The Running of the Bulls in Pamplona, Spain. While some started out as pious events and others commemorate human achievement, all the bashes on our list are testaments to the pursuit of a good time.

Of course these events also mean big bucks for their host cities. Although Mardi Gras celebrations in New Orleans aren't at pre-Katrina levels, the city expects this year's festivities to bring in over a billion dollars.

Click here to learn more about the world's most decadent parties at our partner site, Forbes.com.

The world's largest Carnival celebration draws over 700,000 tourists and $500 million to Rio de Janeiro every year, according to city officials. But a prime seat in the Sambadrome, built in 1984 and designed by noted Brazilian architect Oscar Niemeyer, will run you as much as $1,500. It may be well worth the price as the spectacle put on by the samba schools in the 65,000-capacity arena is the centerpiece of the world's craziest party.

Not to be out done, Munich sees $1.4 billion from the 17-day Oktoberfest, according to the city tourism office. During this period, the Bavarian city of just over a million people handles some six million visitors who consume over six million liters of beer.

But if you're seeking a truly decadent time, however, it's going to be hard to top Las Vegas on New Year's Eve. A city known to blow up buildings to welcome midnight is notoriously kind to vast sums of wealth and offers some truly amazing amenities like hotels with 24-hour butler service, rain forest steam showers and private salons, and personal concierges to book booths at exclusive lounges.