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 around 750 balloons. The event is the largest hot air balloon festival in the world. Once the balloons are let off, they paint the sky with their vibrant colors and hues making it a beautiful sight to look at.