All employees are given three weeks 'vacation'. [=they will be paid for 15 days that they do not work per year]
His parents have a beautiful 'vacation home' [=a house that someone lives in during vacations] by the lake.
She spent most of her 'long vacations' [=summer vacations] at her parents' house.
(..) Well, the PET scan is encouraging, but we don't know how long it will stay that way. Okay, I'm not seeking political asylum. It's a few days. It's a vacation! It's true. What if you get sick? In a foreign country? They have doctors in Amsterdam. And cancer. (..)2014 The Fault in Our Stars