diff --git a/CHANGELOG.md b/CHANGELOG.md
index b63c535a9..701d09e70 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,12 @@ OpenNMT-tf follows [semantic versioning 2.0.0](https://semver.org/). The API cov
 
 ### New features
 
+### Fixes and improvements
+
+## [1.16.0](https://github.com/OpenNMT/OpenNMT-tf/releases/tag/v1.16.0) (2018-12-21)
+
+### New features
+
 * `rnmtplus_decay` learning rate decay function described in [Chen et al. 2018](https://arxiv.org/abs/1804.09849)
 
 ### Fixes and improvements
diff --git a/docs/conf.py b/docs/conf.py
index 951de0c70..8f896ecfe 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -11,8 +11,8 @@
 author = "OpenNMT"
 language = "en"
 
-version = "1.15"  # The short X.Y version.
-release = "1.15.0"  # The full version, including alpha/beta/rc tags.
+version = "1.16"  # The short X.Y version.
+release = "1.16.0"  # The full version, including alpha/beta/rc tags.
 
 source_suffix = ".rst"
 master_doc = "index"
diff --git a/opennmt/__init__.py b/opennmt/__init__.py
index 0019d5193..8fc144a00 100644
--- a/opennmt/__init__.py
+++ b/opennmt/__init__.py
@@ -1,6 +1,6 @@
 """OpenNMT module."""
 
-__version__ = "1.15.0"
+__version__ = "1.16.0"
 
 from opennmt import decoders
 from opennmt import encoders
diff --git a/setup.py b/setup.py
index 5f72826e9..7f9c86ac0 100644
--- a/setup.py
+++ b/setup.py
@@ -6,7 +6,7 @@
 
 setup(
     name="OpenNMT-tf",
-    version="1.15.0",
+    version="1.16.0",
     license="MIT",
     description="Neural machine translation and sequence learning using TensorFlow",
     author="OpenNMT",