In a large punch bowl, pour in the apple cider, cranberry juice, and bourbon. Stir gently to combine.
Just before serving, pour in the chilled bottle of prosecco, stirring gently to maintain the bubbles.
Float thin slices of red apple on top of the punch. Add cinnamon sticks, star anise, and sprigs of fresh thyme for a festive, aromatic touch.
To serve, fill individual punch cups with ice and ladle the punch over. For extra garnish, tuck in an apple slice or a cinnamon stick in each cup, if desired. Serve immediately and enjoy this bubbly holiday punch chilled.
