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.
(..) This is a gay thing. - Oh! - I see all of you. This is because you're a fag? My cousin is a fucking faggot and I go on vacation with him and his boyfriend! I love faggot You're like being charged, right? I will not be stolen from, you get that? I fucking like gay people, I don't like you! (..)2013 The Wolf of Wall Street
(..) In addition to Naomi and my two perfect kids, I own a mansion, private jet, six cars, three horses, two vacation homes and a foot yacht. I also gamble like a degenerate, I drink like a fish, I fuck hookers maybe five-six times a week. I have three different Federal agencies looking to indict me. (..)2013 The Wolf of Wall Street