Thailand is known for its vibrant and colorful festivals that reflect the country's rich culture and traditions. One of the most famous is the Songkran Festival, celebrated in April, marking the Thai New Year with water fights and religious ceremonies. Another significant event is the Loy Krathong Festival, where people release floating lanterns on rivers to pay respect to the water spirits. These festivals often feature traditional music, dance, and delicious street food, attracting both locals and tourists. The Yi Peng Lantern Festival in Chiang Mai is particularly popular, where thousands of lanterns light up the night sky, creating a magical atmosphere.