Everything to Know About Lunar New Year's Traditions The holiday centered around luck and health is celebrated differently around the world. Feb 12, 2021 Lunar New Year is the most joyous time of year for those who celebrate. The holiday, which typically falls between mid-January and the late-February on the Gregorian calendar, is a time filled with food, family, and a little luck (you'll find out why later). Much like the Western New Year, people consider Lunar New Year a chance to leave behind the troubles of the past year and improve upon the good luck that came their way. According to National Geographic,