Culture File 37:
In North America, a vacation is time off work, and a holiday is a special national day, like Thanksgiving, Christmas Day, Independence Day or Labor Day. In British English both are called holidays. In the U.K., a day when all offices and factories are closed is a bank holiday.
The majority of Americans spend their vacation in the U.S.A., but it is a very large country. Mexico, The Caribbean and Canada (which are also in North America) are the most popular destinations outside the U.S.A. However, a greater percentage of British people travel abroad for their vacations. Spain, France, Italy, Greece and the U.S.A. and Canada are the most popular destinations for British tourists.