watering place vs watering hole

watering place and watering hole both are nouns.

Word	Noun	Adjective	Verb	Adverb
watering place	Yes	No	No	No
watering hole	Yes	No	No	No

As nouns, watering place and watering hole are synonyms defined as:

watering place and watering hole: a health resort near a spring or at the seaside

Other synonyms of watering place include spa.

watering place (noun)	watering hole (noun)
a health resort near a spring or at the seaside	a health resort near a spring or at the seaside