Word of the day: staycation (and stoliday)

I'm finding that sticking BBC1 Breakfast on in the mornings is a good way to discover new words (new to me, at least). Last week's new word was 'gastrosexual'; today I heard 'staycation' for the first time.

Unfortunately I had to leave for work before the staycation piece came on, but Googling the word this morning I found out that a staycation is (somewhat unsurprisingly, being a portmanteau of 'stay' and 'vacation') a vacation where you stay at home.

However, as the word 'vacation' is "chiefly North American" (Concise OED), I suppose that 'staycation' is also chiefly North American. The British English equivalent would be stay + holiday = stoliday. Or would that be a holiday taken by a calm, dependable person?

"Going anywhere exciting this year?"
"No, I'm getting too old for all that. I'm taking a stoliday in Stalybridge."