Virginia hosts several hot air balloon festivals throughout the year. It is such a fun way for the whole family to watch hot air balloon flights from below or even hop on a hot air balloon ride yourself!  Beautiful hot air balloons never lose their magic and it's such a unique experience no matter your age! Even if you don't want to soar above the ground in a hot air balloon, these hot air balloon festivals are great family-friendly event options packed with children's activities galore! Hot air balloon festivals typically happen in the fall, but there are a few summertime festivals that happen.