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.
(..) they'II suffer. If they suffer, they'II make you suffer. Thanks for the drink. By the way... I got a vacation coming up. I'm gonna take the wife to London, EngIand. We've never been there. So throw in a coupIe of round-trip tickets, first cIass. (..)1983 Scarface