fes.ti.val |ˈfestəvəl|

noun

a day or period of celebration, typically a religious commemoration : a tabulation of saints' days and other festivals | [as adj. ] a festival atmosphere.
• an annual celebration or anniversary : highlights of this year's pumpkin festival.
• an organized series of concerts, plays, or movies, typically one held annually in the same place : numbers that are still heard at traditional jazz festivals.
ORIGIN Middle English (as an adjective): via Old French from medieval Latin festivalis, from Latin festivus, from festum, (plural) festa ‘feast.’