Albuquerque’s Burque Balloon Fiesta Canceled for 2023 Due to Inflation

Albuquerque’s Iconic Burque Balloon Fiesta Canceled for 2023 Due to Inflationary PressuresAlbuquerque’s Iconic Burque Balloon Fiesta Canceled for 2023 Due to Inflationary Pressures The beloved Albuquerque International Balloon Fiesta, an annual spectacle that typically attracts hundreds of thousands of visitors to New Mexico, has been canceled for 2023 due to soaring inflation. The organizers of the Fiesta, the Balloon Fiesta Albuquerque, Inc., cited the rising costs of fuel, insurance, and other expenses as the main reasons for the cancellation. The Fiesta typically requires a large amount of infrastructure, including hot air balloons, support crews, and logistics personnel, all of which have been affected by inflation. “This was not an easy decision,” said Sam Parks, Chairman of the Fiesta Board of Directors. “We have been monitoring the rising costs for months, and it became clear that we would not be able to host a safe and successful event without putting an undue financial burden on our sponsors, vendors, and attendees.” The Burque Balloon Fiesta is the world’s largest hot air balloon festival and has been held annually since 1972. It features hundreds of colorful balloons floating over the Albuquerque skies, attracting tourists from around the globe. The cancellation of the Fiesta is a major blow to Albuquerque’s tourism industry, which relies heavily on the event’s revenue. Hotels, restaurants, and other businesses that benefit from the influx of visitors will now face a significant financial loss. “We are deeply saddened by the need to cancel the Fiesta this year,” said Albuquerque Mayor Tim Keller. “It is a unique and beloved tradition that brings great joy to our city and its residents.” The Balloon Fiesta Albuquerque, Inc. is exploring alternative ways to celebrate the spirit of the event, such as smaller-scale events or virtual experiences. However, the full-scale Fiesta will not be back until at least 2024. The cancellation of the Burque Balloon Fiesta serves as a stark reminder of the challenges businesses and organizations are facing due to inflation. It is hoped that economic conditions will improve in the future, allowing the Fiesta to resume its status as one of Albuquerque’s most cherished events.