Atlapa Convention Centre is located in Panama City, Panama. The convention centre was opened in June 1980. Run by the Panamanian tourist authority, it contains 19 meeting rooms, some of which are capable of hosting up to 600 people.

Miss Universe 1986 was the 35th Miss Universe pageant, held on 21 July 1986 at the Atlapa Convention Centre in Panama City, Panama. Bárbara Palacios Teyde of Venezuela was crowned by Deborah Carthy-Deu of Puerto Rico. Seventy-seven contestants competed in this year.