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festive (adj) joyous and cheerful (as during a festival); rejoicing.
When you are very happy and in a mood to celebrate the cause of your happiness, you are in a festive mood. For example, on your birthday when you are happy and celebrate it by throwing a party you are in a festive mood. There is a festive atmosphere in the whole town if the people are celebrating some happy event. A festive occasion is an occasion which is celebrated like a festival.
- Chosen as the venue for 2012 Olympics, London on the day of the announcement as the venue, wore a festive look.
- There was a festive atmosphere in the whole country when its team won the World Cup football after being down for two goals to one.