The phrase "annual parade" refers to a parade that takes place once a year. It is an event where people march or perform in the streets, often accompanied by floats, music, and various forms of entertainment. Full definition
The 5th Annual Parade of Rescues was held in Reno at the ASC Cocker Spaniel National Specialty on July 14, 2013 continuing a tradition that began in 2009 when the ASC Specialty was hosted by Zone 4! (asc-f.org)
The Home Builders Association of Greater Chicago will hold its seventh annual Parade of Homes in north suburban Mundelein from June 18 to July 10. (articles.chicagotribune.com)