Britannica Dictionary definition of VACATION. 1. US : a period of time that a person spends away from home, school, or business usually in order to relax or travel.
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The American vacation was born—quite literally. The scions of New York City took to declaring that they would “vacate” their city homes for their lakeside summer retreats, and the term “vacation” replaced the British “holiday” in common parlance.
So, to sum up: a holiday is an important day for religious or other reasons, or a day when most people don't work. In British and Australian English, it's also a longer break from work such as taking time off to go on a trip somewhere. In American English, a longer break, especially if it's for travel, is a vacation.
In the US and most of Canada the term 'vacation' means taking earned time off from work to take a trip. In the UK, Australia, and most other English-speaking countries, people say 'holiday' to describe a going away from home for a period of leisure.
tourism, the act and process of spending time away from home in pursuit of recreation, relaxation, and pleasure, while making use of the commercial provision of services.