Also means
to hold
Usage Note
Celebrar is a regular -ar verb. Beyond 'to celebrate' (celebrar una victoria), it importantly means 'to hold' a formal event or meeting: celebrar una reunión ('to hold a meeting'), celebrar elecciones ('to hold elections'). This second sense catches learners off guard. Celebrarse (reflexive) describes an event that 'takes place': la reunión se celebra el lunes.
Examples
"Van a celebrar una fiesta este fin de semana."
Natural Translation
They are going to hold a party this weekend.
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