Are there any benefits to hosting a party?
Extra charm (26 instead of 25 (or 27 vs. 26 if you are VIP)) however you must attend (host) in order to obtain the extra charm. GL 
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There are also Rewards for your Achievements on your Profile Page. You can see them here under General on your Party Charms Tab.
When you Host and Attend your Parties you get Credit for the Charms you and your Guest Recieve! For Example - You Host and Attend a X10 Cola Party that Fills… You get 260 Colas+ and your 24 Guests get 250 Colas+… 24X250=6000 Charms Credit towards your Party Achievements! 
The Largest Reward is 500M Cions for the Charmer! “Give 100000 Party Charms”! That is about 17 Parties at the X10 Level. 
So, Have a Party! Beginners can Benefit GREATLY! 
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Thank you. I was unaware of party achievements.
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I kinda think almost anything you do on CW goes into some kinda math formula that might give you better benefits somehow. So if you Host Parties maybe you get some reward sometime. Anyway if you Host and your Parties are Fun & Bust, more People want to come to your Parties. I kinda hate waiting for a Party (mine or not) to fill. Then I kinda hate when a Party doesnt bust.
Regina