NEW YORK -- The inventor of easyJet, the British no-frills airline, is taking his idea to sea with a venture called easyCruise.

In the easyCruise world, prices would be low, cabins would be furnished simply and cruisers would pay a la carte for meals, housekeeping and other onboard services.

Behind this no-frills approach to cruising is a 37-year-old man named Stelios, who calls himself a "serial entrepreneur."

Stelios has a last name, Haji-Ioannou, but he rarely uses it; "Stelios," it appears, is an easier nom-de-trade.

Stelios, so far, has founded about six "easy" business ventures, including the successful low-cost European airline easyJet, with flights between London and Marseille, France, for about $27 and unmistakable orange logos splashed on the sides of its planes.

These days, aside from easyJet et al, he's interested in two similar concepts: easyCruise and easyHotel, a nonfloating version of easyCruise that would offer inexpensive, clean-your-own hotel rooms in London.

"Any efficiency gain is an improvement in the bottom line," Stelios said during an interview with TravelWeekly.com, which took place in an office above an orange-tinged easyInternetcafe, which offers rows of inexpensive Internet stations.

The no-frills, unbundled cruising concept is still in the development stages, but last week easyCruise said it was in the process of acquiring a vessel, the former Renaissance Two, which will undergo a "complete refit" that will take about a year, according to a statement on easyCruise.com.

Stelios said the ship would be delivered to easyCruise in April or May, and cabins would go on sale some time this year for a 2005 launch.

The product will be marketed mostly to European holiday-makers and, like many low-cost operations, be sold via the Internet.

But beyond paying extra for bedding, housekeeping, meals and tips, easyCruise would differ from the traditional cruise in several ways. The Mediterranean-based ship would set sail in the mornings, land at port in the late afternoon and stay though the night to give passengers the opportunity to eat and search out evening entertainment, gambling, bars and clubs on land.

Entertainment onboard the vessel could be limited to "snacks and a bar in the evening with some music," Stelios said.

Stelios said the cruise would likely travel from "Ibiza to Monaco via Majorca, Barcelona [and] Nice."

It would be sold on a per-day basis, making it possible to hop on and off the voyage; the route would be tied to ports with easy (but not necessarily easyJet) airlift.

The target market for easyCruise would be vacationers in their 20s, 30s and 40s -- far removed from today's boomer and mature cruiser markets.

"One of the problems of the all-inclusive, seven-day package is that it doesn't appeal to young people," Stelios said.

EasyCruise is "not trying to cater to everybody, from [children] to the elderly," he added.

In concept, a hop-on, hop-off cruise would be, well, easy. However, Tony Peisley, a U.K.-based cruise analyst, noted that "budget lines need 100% [load] factors to make money" and added he was "doubtful" about the no-frills concept.

Jay Lewis, the president of Miami-based consulting firm MarketScope, suggested that despite its branding, easyCruise wouldn't compete with other cruise lines for passengers.

"Call it whatever you want to call it," Lewis said. "It's really not for the cruise dollar. It's in competition for the vacation dollar. ... They're competing in a much larger market."

As for distribution, Stelios said the details were still being hammered out, but he said easyCruise could offer agents a commission for selling the small ship.

He added that easyCruise would "probably work out a section on its Web site for U.S. agents to get better prices and then add a fee to the consumer."

To contact reporter Rebecca Tobin, send e-mail to [email protected].

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