The world's largest hot-air balloon rally kicks off this weekend, as the 41st annual Albuquerque International Balloon Fiesta lifts off Saturday morning.

The nine-day event draws more than 700,000 people, both balloonists and spectators alike, to the Albuquerque area.

This year, many visitors are skipping traditional hotel rooms in favor of vacation rentals, KRQE reports.

The first Fiesta event is scheduled for Saturday with a pre-dawn morning patrol at 5:45 a.m. The kick-off "mass ascension," in which numerous balloons lift off simultaneously, is scheduled for 7 a.m.

Below, take a look at colorful Fiestas from years past.

CORRECTION: An earlier version of this article misstated the number of people who attend the event. In 2011, more than 700,000 people attended.

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  • Balloon Fiesta

    Hot air balloons inflate during the mass ascension at the 40th Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Sunday, Oct. 2, 2011. Fiesta organizers said 550 balloons and 600 pilots from around the world are registered for this year's annual event. (AP Photo/Susan Montoya Bryan)

  • Balloon Fiesta

    Thousands of spectators mingle among inflating hot air balloons at the 40th Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Sunday, Oct. 2, 2011. Fiesta organizers said 550 balloons and 600 pilots from around the world are registered for this year's annual event. (AP Photo/Susan Montoya Bryan)

  • Balloon Fiesta

    One of dozens of special shaped hot air balloons inflates at the 40th Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Sunday, Oct. 2, 2011. Fiesta organizers said 550 balloons and 600 pilots from around the world are registered for this year's annual event. (AP Photo/Susan Montoya Bryan)

  • Balloon Fiesta

    Hot air balloons lift off at the 40th Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Sunday, Oct. 2, 2011. Fiesta organizers said 550 balloons and 600 pilots from around the world are registered for this year's annual event. (AP Photo/Susan Montoya Bryan)

  • Balloon Fiesta

    Hot air balloons lift off at the 40th Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Sunday, Oct. 2, 2011. Fiesta organizers said 550 balloons and 600 pilots from around the world are registered for this year's annual event. (AP Photo/Susan Montoya Bryan)

  • Dozens of special shaped hot air balloons inflate during the 40th annual Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Thursday, Oct. 6, 2011. Gusty conditions prevented the balloons from lifting off Thursday morning. The nine-day fiesta wraps up Sunday. (AP Photo/Susan Montoya Bryan)

  • Balloon Fiesta

    Thousands of spectators watch as hot air balloons inflate during the 40th annual Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Saturday, Oct. 8, 2011. The nine-day fiesta wraps up Sunday. (AP Photo/Susan Montoya Bryan)

  • This Oct. 2, 2011 image shows the special shape Spider Pig hot air balloon floating over Albuquerque, N.M., during the annual International Balloon Fiesta. The balloon broke loose from its ropes on Saturday, Jan. 21, 2012, at a balloon festival in Carefree, Ariz., and caught fire. The pilot landed the balloon safely. No one was injured. (AP Photo/Susan Montoya Bryan)

  • In this Oct. 8, 2011 photo, hot air balloons are shown at the Albuquerque International Balloon Fiesta before take off. The 41st annual event is set to begin Saturday and is expected to draw hundreds of thousands of spectators from around the country and the global. (AP Photo/Russell Contreras)

  • In this Oct. 8, 2011 photo, the "Carousel" hot air balloon is shown at the Albuquerque International Balloon Fiesta. The 41st annual event is set to begin Saturday and is expected to draw hundreds of thousands of spectators from around the country and the global. (AP Photo/Russell Contreras)

  • In this Oct. 8, 2011 photo, "Joey Little Bee" and "Lilly Little Bee" hot air balloons are shown at the Albuquerque International Balloon Fiesta. The 41st annual event is set to begin Saturday and is expected to draw hundreds of thousands of spectators from around the country and the global. (AP Photo/Russell Contreras)

  • In this Oct. 8, 2011 photo, hot air balloons are shown at the Albuquerque International Balloon Fiesta before take off. The 41st annual event is set to begin Saturday and is expected to draw hundreds of thousands of spectators from around the country and the global. (AP Photo/Russell Contreras)

  • Photo: Albuquerque International Balloon Fiesta and photographer Paul de Berjeois

  • (Photo: Megan Mayo)

  • (Photo: Megan Mayo)

  • (Photo: Megan Mayo)

  • (Photo: Megan Mayo)

  • Photo: Albuquerque International Balloon Fiesta and photographer Paul de Berjeois

  • (Photo: Megan Mayo)

  • (Photo: www.NewMexicoStock.com)

  • (Photo: www.MarbleStreetStudio.com)

  • (Photo: Ron Behrmann)

  • Photo: Albuquerque International Balloon Fiesta and photographer Paul de Berjeois

  • (Photo: Ron Behrmann)

  • (Photo: Ron Behrmann)

  • (Photo: Ron Behrmann)

  • Photo: Albuquerque International Balloon Fiesta and photographer Paul de Berjeois

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Glen Morimoto)

  • (Photo: Raymond Watt)

  • Photo: Albuquerque International Balloon Fiesta and photographer Paul de Berjeois

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: www.MarbleStreetStudio.com)

  • Photo: Albuquerque International Balloon Fiesta and photographer Paul de Berjeois

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Raymond Watt)

  • (Photo: Albuquerque International Balloon Fiesta and Paul de Berjeois)