The Impact of the Albuquerque International Balloon Fiesta on Real Estate The Albuquerque International Balloon Fiesta, often referred to as the ABQ Balloon Fiesta, is a world-renowned event that attracts thousands of visitors from around the globe. This annual festival, held in Albuquerque, New Mexico, showcases the beauty and thrill of hot air balloons taking flight. But beyond its visual spectacle, the Balloon Fiesta has a significant impact on the local real estate market. In this article, we will explore the effects of the Balloon Fiesta on Albuquerque's real estate, including its influence on property values, housing trends, and opportunities for homeowners.