Westgate Resorts is one of the largest and most recognized timeshare companies in the United States, offering vacation ownership options at some of the most popular travel destinations, including Orlando, Las Vegas, Gatlinburg, and Myrtle Beach. Known for its upscale properties and resort-style amenities, Westgate attracts a wide range of vacationers seeking luxurious and comfortable accommodations. Timeshare ownership with Westgate is marketed as an investment in future vacations, giving owners consistent access to high-quality accommodations while also providing flexibility to travel to different locations. This system appeals to those who prioritize the comfort and familiarity of a consistent vacation experience, combined with access to spacious accommodations and on-site activities.
However, timeshare ownership also requires a significant financial commitment, with upfront costs, annual maintenance fees, and possible unexpected expenses. While Westgate offers various benefits, such as the opportunity to exchange points within its network or with third-party programs, the resale value of timeshares is often low, and exiting a timeshare agreement can be challenging. With both advantages and disadvantages, deciding on Westgate timeshare ownership is a highly personal choice that depends on one’s travel habits, financial situation, and long-term vacation goals.
In this article, we explore eleven benefits and eleven drawbacks of Westgate timeshare ownership to provide a well-rounded perspective. By examining both sides, readers can make a more informed decision about whether a Westgate timeshare aligns with their lifestyle and travel needs.
Pros Of Westgate Timeshare
1. Guaranteed Vacation Accommodation
One of the key advantages of owning a Westgate timeshare is the guarantee of having a vacation spot each year. Unlike traditional travel accommodations that require advance reservations, timeshare owners have a reserved unit at a specified resort for a set week, providing peace of mind for vacation planning. This stability is especially valuable during high-demand seasons, such as summer or holidays, when securing quality accommodations can be difficult and expensive. Timeshare ownership ensures that regardless of peak travel times, owners have access to comfortable lodging, eliminating the stress of last-minute bookings. For families who enjoy annual vacations, this reliability is a major benefit, as it allows for consistent, high-quality vacations without the hassle of hotel hunting.
2. Access To Luxury Amenities
Westgate timeshare properties are renowned for their resort-style amenities that enhance the vacation experience. These amenities often include pools, spas, fitness centers, on-site dining, game rooms, and even special family-focused activities and events. The level of luxury and convenience provided by these amenities can rival high-end hotels, making the timeshare experience feel like a premium vacation without the cost of booking a luxury hotel every year. Additionally, many Westgate properties offer unique amenities, like water parks or mini-golf, that cater to both adults and children. These features add value to timeshare ownership by allowing guests to enjoy a full resort experience on-site, eliminating the need to travel elsewhere for entertainment.
3. Flexibility In Travel Options
Westgate’s timeshare model offers flexibility in terms of where and when you can vacation. Owners have access to multiple destinations within the Westgate network and the option to choose different types of accommodations based on their needs, such as opting for a larger unit or booking during high-demand periods. This flexibility allows owners to experience new destinations each year while maintaining the quality and standards of Westgate properties. For those who crave variety in their travel experiences, the flexibility in Westgate’s timeshare system is a significant advantage. Furthermore, the points-based system often allows owners to split their points, enabling them to take multiple shorter vacations or one extended stay.
4. Exchange Opportunities Through Partner Programs
Westgate timeshare owners benefit from partnerships with timeshare exchange companies like Interval International, allowing them to exchange their Westgate property points for stays at affiliated resorts worldwide. This option extends the flexibility of timeshare ownership by opening doors to international travel, enabling owners to experience destinations beyond the Westgate network. With hundreds of affiliated resorts across multiple countries, timeshare exchange programs make Westgate ownership more versatile for travelers with global aspirations. For instance, owners who wish to vacation in Europe or Asia can use their points to stay at partner resorts, giving them access to diverse locations without additional costs.
5. Cost Savings Over Time
While the initial cost of a Westgate timeshare can be substantial, it can yield significant savings over time for frequent travelers. By prepaying for future vacations at today’s rates, owners can avoid the inflation of hotel costs, which can rise substantially over the years. Over the span of 10-20 years, timeshare owners often find that the cost per vacation week is much lower than booking similar accommodations on the open market each year. This cost-efficiency makes timeshare ownership attractive for families and individuals who take regular vacations and want to lock in quality accommodations at a predictable rate, ultimately saving money in the long run.
6. Spacious Units Suitable For Families
Westgate timeshare units are often larger than standard hotel rooms and designed to feel like home. Most units come with separate bedrooms, full kitchens, living areas, and dining spaces, providing plenty of room for families or groups to spread out. The added space allows families to cook meals, spend quality time together, and have privacy—luxuries not typically found in standard hotel accommodations. This spacious setup is particularly beneficial for extended vacations, as it provides a comfortable and familiar environment where guests can unwind. Families with children appreciate the convenience of having in-room kitchens and multiple rooms, making Westgate properties ideal for group travel.
7. Ownership Perks And Benefits
Westgate timeshare ownership comes with exclusive perks that enhance the vacation experience. Owners often enjoy discounts on dining, activities, and additional resort services, which can add up to substantial savings. Some resorts also host owner-only events and activities, fostering a sense of community and enhancing the overall vacation experience. These exclusive perks not only make timeshare ownership more enjoyable but also provide a sense of belonging and VIP treatment for owners. Over time, these added benefits enhance the value of timeshare ownership by offering more than just accommodation.
8. Consistent Quality Of Accommodations
Westgate resorts maintain high standards for their properties, ensuring that guests experience quality, clean, and comfortable accommodations each time they visit. Unlike other vacation rentals, where quality may vary, Westgate’s dedication to consistency means that owners can trust in the level of service and amenities provided. This commitment to quality allows owners to enjoy their vacations without worrying about the condition of the property. For travelers who value reliable and predictable lodging experiences, Westgate’s emphasis on consistent quality provides reassurance, as they know what to expect at every property within the network.
9. Ability To Rent Out Unused Weeks
If Westgate owners cannot use their timeshare during a given year, they have the option to rent out their unit to other travelers. This flexibility allows owners to offset maintenance fees or even earn additional income. Renting out unused weeks provides a level of financial return on the timeshare investment, especially for owners who may not be able to vacation annually. It also prevents the timeshare from going unused, which can feel wasteful. For some owners, renting out their timeshare periodically makes ownership more financially manageable, as it provides an option for recouping costs.
10. Access To Financing Options
To make timeshare ownership more accessible, Westgate offers financing options, allowing buyers to spread out payments over time. This feature helps reduce the financial burden of the initial purchase, making it easier for prospective owners to start enjoying their timeshare without a large upfront payment. With flexible terms, financing options make ownership more attainable for a wider range of buyers who may not have the resources to purchase a timeshare outright. This affordability helps open up timeshare ownership to more people, though buyers should carefully consider the long-term costs and interest rates involved.
11. Potential For Family Inheritance
Westgate timeshares can be passed down to family members, creating a legacy of vacation experiences for future generations. For families who cherish vacation traditions, a timeshare can become a sentimental asset that brings family members together each year. This potential for inheritance allows parents to share vacation memories with their children, who can eventually inherit the timeshare and continue the tradition. For families with a strong commitment to travel and togetherness, a timeshare offers the added value of becoming a cherished family heirloom that holds lasting memories.
Cons Of Westgate Timeshare
1. High Upfront Costs
Purchasing a Westgate timeshare involves a substantial upfront cost, often ranging from several thousand to tens of thousands of dollars depending on the unit, season, and location. This high entry fee can be a significant barrier for potential buyers and may require financing with interest, increasing the total cost. Additionally, some buyers may feel pressured by sales presentations, committing to a purchase without fully understanding the long-term financial commitment. The high upfront expense can be a deterrent, especially for those who are unsure about their future vacation habits or financial stability.
2. Ongoing Maintenance Fees
In addition to the initial purchase cost, Westgate timeshare owners are responsible for annual maintenance fees, which cover property upkeep, amenities, and services. These fees, which can range from several hundred to over a thousand dollars, often increase over time due to inflation and rising maintenance costs. For some owners, these fees can become a financial burden, especially if they’re unable to use their timeshare regularly. The uncertainty of fee increases and the obligation to pay every year, regardless of usage, is a major consideration for prospective buyers.
3. Limited Availability During Peak Seasons
Timeshare ownership does not guarantee availability at all times, particularly during high-demand periods like summer vacations or holidays. Westgate properties in popular locations may have limited availability during these peak seasons, making it challenging for owners to book their preferred dates. This limitation can be frustrating, especially for families who can only vacation during school breaks or holiday seasons. If prime dates are consistently unavailable, owners may feel they are not receiving full value from their timeshare.
4. Difficulties With Resale
Selling a timeshare, including Westgate properties, can be challenging due to a limited resale market and decreasing value over time. Unlike traditional real estate, timeshares rarely appreciate, making it difficult to recoup the initial investment. Potential buyers of secondhand timeshares often have access to new options at comparable prices, reducing demand for resales. This lack of resale demand can make it difficult to exit timeshare ownership, and owners may have to sell at a loss or work with resale companies that charge additional fees, adding to the financial difficulty.
5. Limited Flexibility Compared To Traditional Travel
Timeshare ownership, though offering some flexibility, can feel restrictive for travelers who prefer spontaneous travel or unique accommodations. Westgate timeshares are limited to Westgate properties or partner resorts, which may not suit those who want to explore a wide variety of destinations. Additionally, the set intervals of ownership may limit the ability to travel on short notice. For travelers who enjoy different types of accommodations, like boutique hotels or unique rentals, timeshares may feel like a less adaptable option.
6. Potential For Increased Fees Over Time
Westgate timeshare owners should be aware that maintenance fees may increase over time, sometimes without advance warning. These fee increases are typically implemented to cover rising property maintenance and service costs, but they can place an unexpected financial burden on owners. For individuals on fixed incomes, the rising fees may make ownership less affordable over the years. The unpredictable nature of fee adjustments adds to the long-term costs, creating a financial risk for those unprepared for annual increases.
7. Timeshares Do Not Accumulate Equity
Unlike conventional real estate properties, timeshares do not build equity. This distinction means that owners are not likely to see financial returns on their investment if they sell. A timeshare is more similar to a long-term vacation contract rather than a financial asset, which may not appeal to those seeking an investment. Buyers should understand that the primary purpose of a timeshare is for vacation use, not capital growth. This lack of equity can be disappointing for owners who expect long-term financial gains.
8. Risk Of Depreciation
Timeshares, including those from Westgate, are prone to depreciation and generally do not retain their value over time. Unlike traditional property investments, which may appreciate, timeshares are often sold at a fraction of their purchase price. This depreciation makes it challenging to resell a timeshare at a profit, meaning owners may not recoup their original investment. Those who view timeshares as an investment opportunity may be disappointed by the lack of resale potential, as timeshares are generally not viable assets for financial growth.
9. High-Pressure Sales Tactics
Westgate, like many timeshare companies, has been criticized for using high-pressure sales tactics during presentations, which may pressure potential buyers into making a quick decision. Some attendees report feeling rushed to sign contracts without adequate time to review their options or consider the long-term costs. This approach can lead to buyer’s remorse for individuals who feel they were persuaded into a purchase without fully understanding the commitment. Potential buyers should be cautious and take their time to evaluate their financial situation before committing.
10. Restrictions On Rental Income
While Westgate timeshare owners have the option to rent out their timeshare, there may be limitations on how and when they can rent it. Westgate may impose restrictions or require owners to use certain platforms, which can limit income potential. Additionally, competition from other owners or alternative accommodations in popular locations can reduce the demand for rentals. For those who plan to rent out their timeshare as a source of income, these restrictions may limit profitability and reduce the value of ownership as an income-generating asset.
11. Long-Term Financial Commitment
Timeshare ownership represents a long-term financial commitment that requires careful planning. Beyond the upfront cost, owners must budget for annual maintenance fees, potential upgrades, and other expenses related to property upkeep. Exiting a timeshare contract can also be challenging, which makes it difficult for those who may wish to reduce their financial commitments in the future. The long-term financial responsibility is something potential buyers should evaluate carefully to ensure that timeshare ownership aligns with their personal financial goals.
Conclusion
Westgate timeshare ownership offers a variety of benefits, from guaranteed vacation accommodations and access to luxury amenities to flexibility in travel options and cost savings over time. For regular travelers who value consistent, high-quality vacations, Westgate provides an attractive option, with the added benefits of rental income opportunities, family inheritance potential, and exclusive perks for owners. The reliability and comfort of Westgate timeshares can enhance the vacation experience, making it a viable choice for families and individuals who prioritize convenience and quality in their travel plans.
However, Westgate timeshare ownership also comes with notable drawbacks, including high upfront costs, ongoing maintenance fees, limited flexibility, and challenges with resale. The potential for fee increases, lack of equity, and depreciation further complicate the financial outlook of timeshare ownership. Additionally, some prospective buyers may find the high-pressure sales tactics discouraging, underscoring the importance of careful evaluation before making a purchase.
In conclusion, Westgate timeshares can be an excellent choice for travelers who are comfortable with long-term financial commitments and who prioritize quality, reliable accommodations. However, it may not suit everyone, especially those who value travel flexibility, seek financial investments, or are cautious about ongoing expenses. Prospective buyers should weigh these pros and cons carefully to determine if Westgate timeshare ownership aligns with their lifestyle, financial plans, and travel preferences.