The observance involves a blend of traditional Filipino customs and Western influences, occurring annually on October 31st and extending through November 2nd. This period is characterized by visits to ancestral gravesites, offering prayers, and commemorating departed loved ones. The practice also involves aspects of trick-or-treating and costume parties, particularly among younger generations.
The cultural significance lies in the deep respect for ancestors, a core value within Filipino society. The act of honoring the deceased fosters familial bonds and reinforces cultural identity. The economic impact is considerable, with families spending on travel, food, candles, flowers, and other offerings for the gravesites. Historically, this commemoration was primarily a solemn religious observance, but it has evolved to incorporate more festive elements over time.