Simon Cowell will attend a VIP party in Barbados today (27.12.14).
The annual celebrations - hosted by Global Radio's Ashley Tabor - will be held at the millionaire's luxury island mansion, Sunset Reef.
British boy band Union J - which includes George Shelley, 21, Josh Cuthbert, 22, Jaymi Hensley, 24 and JJ Hamblett, 26 - are set to perform at the glitzy bash.
Other VIP guests in attendance include Sir Philip Green, Sinitta and Little Mix's Leigh-Anne Pinnock, according to the Daily Mirror newspaper.
Olly Murs has previously performed at the event as well as Take That and the Bee Gees.
Earlier this week, the 'You Got It All' hitmakers revealed they would be spending their festive break together, after enjoying Christmas with their respective families.
Josh said: "We're spending Christmas with our families, then on Boxing Day we're going away together."
Jaymi added: "We can't tell you where we're going - it's a working holiday as we're performing our new single."
It is not the first trip the boy band has taken to the Caribbean Island this year.
In February, George, Josh and Jaymi enjoyed the island lifestyle as they soaked up the sun and tried their hand at jet skiing.
Jaymi's partner, Olly Marmon, joined the group and the couple is expected to wed soon, with the 24-year-old singer revealing he can't wait for the "big day".
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