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Thailand is one of the hottest travel destinations right now, but you may want to hold off on visiting until November in order to experience one of the world's most beautiful festivals. The festival is actually composed of two Thai holidays: Loi Krathong, from the southwest, and Yi Peng, from the north. "Both fall on the same day, which is normally the first full moon in November. For Loi Krathong, people will gather along riverways and launch small boats filled with offerings and candles, making a wish as they do so. For Yi Peng, thousands of sky lanterns, called khom loi, float into the night sky in a gorgeous glowing parade," Smith said.