Theoretically, databases are designed and tuned to provide faster access to data than doing a disk read from a file. In practice, for small to mid-sized applications this difference is minuscule. Best practices, however, are typically oriented at larger scale. By implementing best practices on your small application, you create one that is capable of scaling up.
There is also the consideration of the accessibility of the data in terms of other aspects of the project. Where is most of the data in a web-based application? In the database. Thus, we try to keep ALL the data in the database, or as much as is feasible. That way, in the future, if you decide that now you need to join the holiday dates again a list of events (for example), all the data is in a single place. This segmenting of disparate layers creates tiers within your application. When each tier can be devoted to exclusive handling of the roles within its domain (database handles data, HTML handles presentation, etc), it is again easier to change or scale your application.
Last, when designing an application, one must consider the "hit by a bus principle". So you, Developer 'A', put the holidays in a PHP file. You know they are there, and when you work on the code it doesn't create a problem. Then.... you get hit by a bus. You're out of commission. Developer 'B' comes along, and now your boss wants the holiday dates changed - we don't get President's Day off any more. Um. Johnny Next Guy has no idea about your PHP file, so he has to dig. In this example, it sounds a little trivial, maybe a little silly, but again, we always design with scalability in mind. Even if you KNOW it isn't going to scale up. These standards make it easier for other developers to pick up where you left off, should you ever leave off.