32nd Annual JPMorgan Chase Hudson Valley Hot-Air Balloon Festival Hot-air balloonists from all over the country with 100 scheduled hot-air balloon ascensions throughout the weekend. The festival's history has evolved into a Hudson Valley tradition and has grown into a full weekend of activities, drawing thousands of visitors from all over the world. Some of the festival favorites are the evening Majestic Hot-Air Balloon Illumination Moon Glow, fireworks each night, tethered hot-air balloon rides, full hot-air balloon flights, live music and entertainment, food trucks, family activities and more.