{I can't give a textbook answer but I'll try and give an argumentative answer.}
There are two aspects of a holiday that come to mind when considering this expression.
That being said the meaning could be summarized as follows:
A change - be it the car one drives, where one lives, where one works - and the pleasant novelty thereof is temporary and will fade sooner than one would like after which the desire for another change will inevitably develop.
A change is as good as a holiday.
'hope' is a wish for a good thing or outcome to happen. As in:- I hope you have a good time on your holiday.
If you "keep" a holiday, then you celebrate it.
Change - A lovers Holiday
Do you mean Christmas, or what holiday in particular?
A Jewish Holiday,known as the Holiday of Ingathering.
No. What holiday do you mean? The Muslims in Egypt fast too.
I wouldn't exchange this holiday, even for threebirthdays.
A good holiday is one at which the left-wing family member does not show up for dinner.
kaycholasham is the symbol of a certain holiday. kaycholasham is best understood if you say the holiday in which you mean the symbol of before or after you say kaycholasham.
A roman holiday is gloating over another's misfortune.
Vacance