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It is The "Albuquerque International Balloon Fiesta".
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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.
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The Balloon Fiesta began in 1972 as a celebration of the 50th birthday of "770 KOB Radio".
The first festival ended up as a gathering of 13 balloons on April 8, 1972, sponsored by The radio station.
The next year Albuquerque hosted the first World Hot-Air Balloon Championships in February and the festival became an international event.
Today, The festival is considered the largest balloon convention in the world.
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In the festival, Balloons are being launched from The "Balloon Fiesta Park", Which is located on the northern edge of the city.
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