Many annual events celebrate the diverse cultures of Houston. The largest and longest running is the annual Houston Livestock Show and Rodeo, held over 20 days from early to late March, is the largest annual livestock show and rodeo in the world. Another large celebration is the annual night-time Houston Pride Parade, held at the end of June. Other annual events include the Houston Greek Festival, Art Car Parade, the Houston Auto Show, the Houston International Festival, and the Bayou City Art Festival, which is considered to be one of the top five art festivals in the United States.
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Houston is recognized worldwide for its energy industry—particularly for oil and natural gas—as well as for biomedical research and aeronautics. Renewable energy sources—wind and solar—are also growing economic bases in Houston. The ship channel is also a large part of Houston's economic base. Because of these strengths, Houston is designated as a global city by the Globalization and World Cities Study Group and Network and by global management consulting firm A.T. Kearney.
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