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.
(..) Kay! Kiss your godfather. Can't go to Vegas. Something's come up. Everybody has to leave without us. - Mike, it's our first vacation! - Connie, please. Go back to the house, wait for my call. It's important. I'll only be a couple of days. We're on our way to Brooklyn. (..)1972 The Godfather
(..) so walk out fast, but don't run. Don't look anybody in the eye, but don't look away either. They'll be scared stiff, so don't worry about nothing. You'll be all right. You'll take a vacation, nobody knows where, and we'll catch the hell. - How bad do you think it will be? - Pretty goddamn bad. (..)1972 The Godfather