The Bacolodiat Festival takes place once a year to celebrate the Chinese New Year (also known as the Spring Festival). It occurs for three days with the last day occurring on the holiday.
The Bacolodiat Festival has various activities such as The Lantern Dance, Chopstix alley, fireworks, lantern contests, dragon and lion dances, a parade involving several of the "Chinese" schools, and more. You'll also find many of the malls in Bacolod celebrating this time of year by having discounts and their own events.
Bacolodiat is one of the most important festivals in Bacolod and celebrates the large population of Chinese in the city. GMA News estimated 85% of Bacolodnons have at least some Chinese ancestry. This festival is actually my favorite (even more-so than the Masskara Festival).
Photos
Videos
The Dragon and Lion Dance:
The Bacolodiat Parade: