A one location film (The Seaton's Grand Estate), "Holiday" (1930) and "Holiday" (1938) are based on the 1928 play of the same name by Philip Barry. It is difficult to compare the two, because although they both follow the original play very closely and therefore can be loosely matched line for line for much of the runtime, their storytelling approaches are quite different.
Edward Griffith's 1930 version is a slower paced, more austere telling, with subtle nuances and more subdued performances. One could almost call it a more peaceful ride, as the leading characters love to call their adventures in life. George Cukor's version 8 years later with much higher ticket stars does add much humor and vigor. This is not to say that Griffith's version is not funny or playful, because it is. Cukor's 1938 adaptation is simply more ostentatious and maybe pretentious. This is due mainly to Katherine Hepburn's performance. Like all the characters she plays, her acting always seems too unnaturally forceful and often overdone. Cary Grant fans will not be disappointed, however, and the Potters- with Edward Horton reprising his role from the 1930 version- are better this time around. Likely because, in one of the few differences, the couple is working class rather than wealthy socialites- making the characters far more lovable and their scenes that much more entertaining without the slight prudishness of the haughty rich.
Therefore, forced to recommend one over the other, the updated 1938 version starring the popular Hollywood pairing with Grant & Hepburn is given the slight edge. With its more humorous and faster paced interpretation. Not only a slight one. It is highly recommended that audiences watch both versions to decide for themselves- on account of the fact that sometimes we actually need to turn it down a notch and appreciate more subtle and subdued performances.
Ironic how this entire "Holiday" takes place in one place. A stately mansion, no less. The ultimate staycation, maybe? In all seriousness, whichever version (preferably both) audiences choose, the general message and story are the same, and Philip Barry's narrative, with both insightful and witty dialogue, is an entertaining way to tell it. Well, what is that oh so important and very true message? Be true to ourselves, for compromising can only go so far in personal relationships before it becomes inadvisedly harmful, and money isn't everything in life- you can't take it with you!