honoree vs laureate

honoree and laureate both are nouns.

Word	Noun	Adjective	Verb	Adverb
honoree	Yes	No	No	No
laureate	Yes	Yes	No	No

As nouns, laureate is a hyponym of honoree; that is, laureate is a word with a more specific, narrower meaning than honoree:

honoree: a recipient of honors in recognition of noteworthy accomplishments
laureate: someone honored for great achievements; figuratively someone crowned with a laurel wreath

Other hyponyms of honoree include academician.

honoree (noun)	laureate (noun)
a recipient of honors in recognition of noteworthy accomplishments	someone honored for great achievements; figuratively someone crowned with a laurel wreath

honoree (adjective)	laureate (adjective)
	worthy of the greatest honor or distinction