Hot air ballooning in Luxor is an aspect of the Egyptian tourist industry. Tour companies offer rides in hot air balloons to tourists who enjoy views of ancient Thebes, the temple complexes of Karnak and Luxor, the Valley of the Kings and the Valley of the Queens.enjoy the splendors of the ancient historical sights of Luxor from the air. See this spectacular landscape from the unique viewpoint that only hot air ballooning can provide. Glide majestically over the temples and burial grounds of the Pharaohs and allow history to come to life before your eyes