A staycation means staying at home or in your local area for a vacation instead of traveling far away or going on a trip. It is like taking a break while staying in your own house or exploring nearby attractions. Full definition
The domestic angle's debatable, as many Irish consumers have opted for bargain staycations in recent years, so we may see them heading abroad again for holidays in increasing numbers as the economy revives. (wexboy.wordpress.com)
I live in Sunrise Beach and love hearing about how people have holidayed here - always gives me fresh ideas for staycationing! (flightstofancy.com)
We are doing a little staycation at the Four Seasons (so fancy! (thebostondaybook.com)