“Vacation” is often used in American English, and the word “holiday” is the usual word for the British people, to denote that period of time spent for fun or leisure. Both terms refer to time spent for ones personal preferences.
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The usual American word for a longer period of time spent away from work or school, or for a period of time spent away from home enjoying yourself, is vacation.
Take BIG FUN trips. But don't forget to take a break and also take a VACATION. After all, a trip gives you memories in a new place, but a vacation allows you to show up and enjoy those memories as you're making them without having to worry about all the responsibilities that are a part of your regular life.
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.