What it means
A staycation is a holiday you take without going anywhere, spending your time off at home or close by instead of flying somewhere far. You sleep in your own bed, do day trips, finally try the local spots you always ignore, all the rest of a holiday without the airport stress or the bill. Sometimes a choice, sometimes just what the budget allows.
Usage examples
"We're doing a staycation this year, just day trips and lie-ins, no flights at all."
"Turns out a staycation can be just as relaxing once you stop checking work emails."
"We're on a proper staycation this week, just mooching round local cafés and acting like tourists in our own city."
"Couldn't afford Spain this summer, so we went full staycation mode and honestly it was a right little reset."
Where it comes from
Staycation is a blend of stay and vacation. It started showing up in the US in the 1940s, but it really blew up in the late 2000s during the financial crash, when loads of people were cutting travel costs. The word gave staying local a sunnier, less skint-sounding label.