Germany’s Oktoberfest, which was set to take place in the fall, has been canceled due to the coronavirus pandemic, officials said Tuesday.

The risk of spreading the potentially fatal virus is too high to hold the world’s largest beer festival, Bavarian Minister-President Markus Söder and Munich’s Lord Mayor Dieter Reiter said.

Söder said at a press conference that Oktoberfest is “about the biggest and most beautiful festival in the world,” but he noted the unprecedented global challenge.

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“We are living in different times. And living with corona[virus] means living carefully. The greatest sensitivity applies to celebrations,” he said.

“It hurts, it is a huge shame," he added while speaking to reporters.

This year’s Oktoberfest was scheduled to take place from Sept. 19 to Oct. 4.

The event brings in travelers from all over the world. Festival organizers said 6.3 million people attended last year’s event.

Oktoberfest makes more than 1 billion euros, around $1.08 billion, for Munich, Reuters reports.

It is the latest in a long line of global events canceled or postponed due to the coronavirus pandemic.

Germany has 147,065 confirmed COVID-19 cases and 4,862 deaths, according to data compiled by Johns Hopkins University.

The nation, however, has started lifting some coronavirus restrictions, allowing certain stores to reopen.