Festival of the Arts is the newest festival to grace Epcot and has quickly become my favorite. After a successful first year in 2017, Festival of the Arts expanded in 2018 and will continue each winter, covering several weeks in January and February. Festival of the Arts spans the time between Festival of the Holidays (between Thanksgiving and New Years) and Flower & Garden Festival in spring.
The great thing about these festivals is that is takes little advance planning to get full enjoyment out of them. It’s still good to know what to look out for!