The Albuquerque International Balloon Fiesta is a yearly festival of hot air balloons that takes place in Albuquerque, New Mexico,USA during early October. The Balloon Fiesta is a nine day event, and has over 500 balloons each year. The event is the largest hot air balloon festival in the world , takes place each October, when you’ll see hundreds of balloons in the sky at a time. This magical hot air balloon festival is considered to be the most photographed event in the world, drawing a huge international crowd of balloonists and spectators.