Tomorrow is the beginning of May, bringing us the Freeport City Festival! The festival begins on May 1st at 12:01am PDT and runs until May 7th at 11:59pm PDT. You can find the Far Seas Caravan in the Commonlands, between The Crossroads and the Freeport Griffon Tower.
Visit the Far Seas caravan merchants to see all of the local specialities and other festival goods, and don't forget to check out the four City Festival achievements (listed under Live Events in your journal).
An Aether Race will also be available in Commonlands during the festival. Participate and achieve a time of 119 seconds or less to earn the Portal Jumper prefix title! Begin the race by speaking to the referee just up the ramp from the Commonlands dock.