A decoration of a hyperbolic surface of finite type is a choice of circle, horocycle or hypercycle about each cone-point, cusp or flare of the surface, respectively. In this article we show that a decoration induces a unique canonical tessellation and dual decomposition of the underlying surface. They are analogues of the weighted Delaunay tessellation and Voronoi decomposition in the Euclidean plane. We develop a characterisation in terms of the hyperbolic geometric equivalents of Delaunay's empty-discs and Laguerre's tangent-distance, also known as power-distance. Furthermore, the relation between the tessellations and convex hulls in Minkowski space is presented, generalising the Epstein-Penner convex hull construction. This relation allows us to extend Weeks' flip algorithm to the case of decorated finite type hyperbolic surfaces. Finally, we give a simple description of the configuration space of decorations and show that any fixed hyperbolic surface only admits a finite number of combinatorially different canonical tessellations.