watering hole vs vacation spot

watering hole and vacation spot both are nouns.

Word	Noun	Adjective	Verb	Adverb
watering hole	Yes	No	No	No
vacation spot	Yes	No	No	No

As nouns, vacation spot is a hypernym of watering hole; that is, vacation spot is a word with a broader meaning than watering hole:

watering hole: a health resort near a spring or at the seaside
vacation spot: an area where many people go for recreation, holidays or other purposes

Other hypernyms of watering hole include playground, resort area.

watering hole (noun)	vacation spot (noun)
a health resort near a spring or at the seaside	an area where many people go for recreation, holidays or other purposes