Beyond Occupancy: Building Profit, Purpose, and Legacy in Hospitality

Westgate Resorts' Mark Waltrip argues that financial metrics alone don't define hospitality success, outlining how embedding philanthropy and people-first values into operations builds long-term resilience.

Beyond Occupancy: Building Profit, Purpose, and Legacy in Hospitality

Westgate Lakes Resort & Spa Photo by Westgate Resorts

If you ask most hotel owners how their success is measured, their answers tend to focus on familiar indicators: occupancy, RevPAR, margins, and profit growth. Those metrics matter, but they do not tell the whole story. Hospitality is, at its core, a people business. Every interaction, investment, and operational decision ultimately touches three groups: our guests, our Team Members and the communities that welcome us. While most industry leaders understand this in principle, the way it is carried out varies widely. Too often, performance is evaluated narrowly through financial results alone, while the human touch that sustains long-term success is treated as a secondary consideration.

At Westgate Resorts, our approach has long been shaped by a different mindset. Our founder, David Siegel, believed that a company can do well by doing good. From the earliest days of our organization, business success was never viewed as the finish line, but rather the starting point. He believed that growth creates opportunity, and opportunity carries an obligation to serve the people and places that make that growth possible.

That belief was not articulated as a slogan or developed simply as a positioning statement. It was expressed through action, long before formal programs, foundations, or reporting structures existed to track it. It influenced how Westgate interacts with its Team Members, how we engage with our local communities, and how we define progress. The underlying idea is simple but powerful: business performance and positive impact are not competing goals, rather they are interconnected, and when approached intentionally, they strengthen one another.

For today’s hospitality leaders, this philosophy is more relevant than ever. Ours is an industry built on trust, service, and consistency. When we invest in the people who serve our guests and in the communities that support our operations, we create environments where hospitality can thrive. Our guests feel that commitment. Our Team Members believe in it, and our business benefits from stronger alignment, loyalty, and resilience.

Growth With Purpose

At Westgate, growth has never been treated as an end point. It’s our responsibility to manage our growth with discipline and intention. As the company expanded into new markets, added new communities, integrated new partners, and introduced immersive experiences across our portfolio, we asked ourselves, does this opportunity strengthen who we are or distract from it?

Discipline matters most during periods of significant change. Growth brings complexity, and with it comes the risk of dilution. New properties, new markets, and new experiences can strain culture if values are assumed, rather than reinforced. That risk is not unique to Westgate. It exists across the hospitality industry, particularly as companies scale quickly in response to demand or opportunity.

The alternative is intentional growth. When opportunities are evaluated not only on financial return, but also on alignment with core values, companies create a framework that supports sustainable expansion. This approach may require saying no to certain opportunities and it may slow timelines, but it also protects the identity and culture that drive long-term success.

Growth, when approached intentionally, should strengthen identity rather than compromise it. It requires clarity around what defines the organization and discipline in how decisions are made. In an industry where speed and scale are often rewarded, this approach demands patience. But it is also what allows hospitality companies to endure.

A recent example at Westgate was the integration of VI Resorts - a 50-year-old hospitality business. This was a meaningful milestone for our organization, requiring thoughtful alignment across teams, systems, and ownership communities. Operational execution was essential, but it was not sufficient. The integration depended on culture. It required ensuring that every new addition felt like an extension of the family, not a transaction. That meant reinforcing shared values, prioritizing people, and maintaining continuity during change.

Leaving a Legacy Beyond the Business

We view our legacy as a living strategic asset, and we understand our practices and culture need continual reinforcement. Our efforts to sustain an enduring brand reputation require leadership that understands which elements of a company’s identity are essential and must be preserved, and which must evolve to remain relevant. It also requires a willingness to invest in initiatives that may not deliver immediate financial returns, but create lasting strength over time.

One of the most tangible expressions of this philosophy at Westgate is the Westgate Foundation, which is marking its 25th anniversary this year. The Foundation did not begin as a large-scale philanthropic institution. It started with a simple and deeply personal purpose: supporting our Team Members during moments of crisis. When Team Members faced unexpected hardship, the organization found ways to step in and help. That commitment reinforced a core belief that taking care of our people comes first.

As the company grew, that mindset expanded. What began as internal support evolved into a broader platform for service. The Westgate Foundation grew alongside the business, extending its reach into the communities where we operate. While it serves as the company’s formal philanthropic arm, its role goes far beyond traditional charitable giving. It represents the deliberate integration of purpose into the business itself.

Rather than treating philanthropy as a passive activity, the Foundation was structured to scale with the organization. Its focus has remained intentionally long-term, prioritizing workforce readiness, military families and veterans, housing initiatives, and community development. Over the past five years alone, the Foundation has contributed more than six million dollars to initiatives designed to create sustained impact, rather than short-term visibility. Far more valuable than dollars are the thousands of hours our Team Members are encouraged to donate to local non-profits who need a physical hand sometimes even more than just another donation.

This approach reflects David Siegel’s original belief that giving should not follow success, but be built into it. That principle has helped ensure that purpose remains central to how Westgate operates, regardless of leadership transitions, market conditions, or growth cycles. Responsibility to team members and communities is not situational. It is continuous, and it is part of our legacy.

Military Weekend as a Model

One clear example of how values evolve into lasting impact is Westgate’s Military Weekend. What began as a single initiative has grown into a respected annual tradition that embodies our founding principles.

Since the inception of Military Weekend in 2013, Westgate has provided nearly 30,000 complimentary vacations to America’s military heroes. The event was designed to offer more than just a getaway. We’ve created space for recognition, connection, and gratitude for veterans and active-duty military personnel. We bring families together, from across the nation, in celebration, camaraderie, and remembrance.

Over time, Military Weekend has become a signature Westgate Foundation event. Its growth reflects the power of building on a well-intentioned idea with consistency and care. By staying true to its purpose and investing year after year, the initiative has earned credibility and respect, both within the military community and across the hospitality industry.

Westgate’s commitment to military families does not begin or end with one weekend. Through the Westgate Foundation’s partnerships, we support veterans’ organizations, community outreach efforts, and programs designed to ease the transition from military to civilian life. Through sustained partnerships and philanthropy, Westgate strives to honor service members year-round. This continuity is essential. It reinforces the idea that responsibility is measured not by isolated moments, but by sustained action.

For hospitality leaders, Military Weekend offers a broader lesson. When companies build on their values with intention and follow-through, individual initiatives can grow into enduring platforms for impact. A single idea, supported consistently over time, can become part of an organization’s identity.

Serving Those Who Serve Your Guests

In hospitality, people are the business. Properties, amenities, and experiences matter, but it is the Team who bring them to life. When Team Members understand that their work contributes to something larger than a single transaction or stay, engagement deepens, accountability increases, and culture moves from aspiration to reality.

Serving our Team Members also means recognizing the broader communities that support our operations. Local workforces, nonprofit partners, veterans’ organizations, and neighborhood stakeholders play an essential role in delivering the guest experience. Investing in these relationships is not only the right thing to do, it is a strategic imperative.

The hospitality industry often emphasizes short-term performance measures. While those metrics matter, they cannot come at the expense of long-term trust and stability. Companies that consistently invest in people and communities are better positioned to weather disruption, adapt to change, and maintain credibility with guests and team members alike.

This emphasis on responsibility influences internal culture. When team members see leadership reinforce values through action, it creates alignment and pride. That connection is not accidental. It is built through communication, leadership behavior, and ongoing reinforcement of purpose.

Leadership and Continuity

In family-founded organizations like Westgate, leadership continuity carries added responsibility. Transitioning from founder-led growth to multi-generational leadership requires more than preserving the past. It requires translating values into a modern context while maintaining their original intent.

This is where structure becomes essential. Foundations, governance, and clearly articulated priorities provide continuity beyond any single leader. The Westgate Foundation plays a central role in this process by serving as a consistent expression of the company’s commitment to giving back. It ensures that responsibility to team members and communities is embedded in the organization, not dependent on individual leadership.

At the same time, it provides a platform for future leaders to build upon. Legacy is not static. It must be extended thoughtfully, identifying new areas of need while remaining grounded in core principles. That balance requires clarity, discipline, and long-term thinking.

A Call to Hospitality Leaders

Hospitality executives are stewards of more than brands and balance sheets. We are stewards of experiences, livelihoods, and communities. The decisions we make today will determine not only how our companies perform, but what they leave behind.

Doing well by doing good is not about trading profitability for purpose. It is about redefining growth. It is about building organizations that succeed financially while creating opportunity, stability, and positive impact for the people who make that success possible.

At Westgate Resorts, our goal has always been to deliver meaningful experiences while creating value that extends beyond the walls of our resorts. That is how we define legacy. Not by what is built alone, but by what is sustained. Not simply by how a company grows, but by how it gives. And ultimately, by what its success enables for future generations.

Reprinted from the Hotel Business Review with permission from www.HotelExecutive.com.

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Jared Saft serves as Westgate's Chief Operating Officer and is a member of the company's Executive Committee. As Chief Operating Officer, Mr. Saft leads a talented team of individuals who are responsible for overseeing all of Westgate's companywide resort and business operations including resort operations, food and beverage, business & product development, resort/hotel/entertainment sales & marketing, inventory services & yield...

Westgate Resorts is the largest privately held timeshare company in the world and one of the largest resort developers in the United States. Founded in 1982 by David Siegel, the company is headquartered in Orlando with seven Orlando hotel resorts, and 22 themed destination resorts nationwide, featuring more than 14,000 luxury villas and hotel rooms in popular vacation destinations throughout the United States such as Orlando, and Cocoa Beach,...

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