IPA: /sɛnˈtɛnɪəli/
KK: /sɛnˈtɛnɪəli/
In a way that relates to a hundred-year anniversary or celebration.
The festival is celebrated centennially, marking a hundred years since its founding.
Centennially → It is formed from "centennium" (from Latin, meaning a period of one hundred years) and the suffix "-ally" (meaning in a manner relating to). The word "centennially" refers to something that occurs every hundred years.
Think of a hundred-year period ('centennium') and how the suffix '-ally' relates to the manner of occurrence — that's why centennially means something that happens every hundred years.