Edinburgh hosts the Torchlight Procession that opens its annual New Year's celebrations.
The procession is a major part of Edinburgh's Hogmanay program. Thousands of torchbearers have walked through the city, creating a moving river of fire that leads toward a closing ceremony. The route and format have changed over time, but the event commonly begins in the Old Town and finishes near Holyrood Park or another central Edinburgh location.
Edinburgh's Hogmanay developed into a large, organized festival with concerts, street events, and a midnight fireworks display. The Torchlight Procession adds a historical and ceremonial atmosphere before the main celebrations.
Although Hogmanay is celebrated throughout Scotland, Edinburgh is especially associated with the international festival. Glasgow, Aberdeen, and Dundee also have New Year's events, but they are not the city named in the question. This fact concerns the procession's host city, not the name of the festival itself.