jubilation vs occasion

jubilation and occasion both are nouns.

Word	Noun	Adjective	Verb	Adverb
jubilation	Yes	No	No	No
occasion	Yes	No	Yes	No

As nouns, occasion is a hypernym of jubilation; that is, occasion is a word with a broader meaning than jubilation:

jubilation: a joyful occasion for special festivities to mark some happy event
occasion: a formal or official social gathering or ceremony of people

Other hypernyms of jubilation include affair, function, social affair, social function, social gathering, social occasion.

jubilation (noun)	occasion (noun)
the utterance of sounds expressing great joy	an event that occurs at a critical time
a joyful occasion for special festivities to mark some happy event	a formal or official social gathering or ceremony of people
a feeling of extreme joy	a rational motive for a belief or action
	an opportunity to do something
	the time of a particular event

jubilation (verb)	occasion (verb)
	give occasion to