Vacation involves travelling to a new destination while staycation is going somewhere close to your house just to relax.
Vacations are costlier compared to staycations. Vacations involve travelling expenses while staycations don’t require the same. For example, you might need to book a flight for a vacation but for a staycation your car or a taxi is suitable.
Staycations save a lot of time since you don’t have to go through the hassle of travelling. Since you can have a staycation at your own house as well, you have more time to relax and rejuvenate.
Vacations expose you to a new culture and allow you to interact with new people. On the other hand, if you opt for a staycation, you can spend more time with your local culture and connect with your roots.