diff --git a/.github/release-please-manifest.json b/.github/release-please-manifest.json
index ed49281..6aa187e 100644
--- a/.github/release-please-manifest.json
+++ b/.github/release-please-manifest.json
@@ -1 +1 @@
-{".":"2.0.1"}
+{".":"2.1.0"}
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 08e049c..cb0b58b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+## [2.1.0](https://github.com/hetznercloud/hcloud-python/compare/v2.0.1...v2.1.0) (2024-07-25)
+
+
+### Features
+
+* add exponential and constant backoff function ([#416](https://github.com/hetznercloud/hcloud-python/issues/416)) ([fe7ddf6](https://github.com/hetznercloud/hcloud-python/commit/fe7ddf6da78f8dbbc395eb98ff1200b8117f0cc0))
+* deprecate `ServerType` `included_traffic` property ([#423](https://github.com/hetznercloud/hcloud-python/issues/423)) ([3d56ac5](https://github.com/hetznercloud/hcloud-python/commit/3d56ac57d092bb30543fac9249c04393d0864c3b))
+* use exponential backoff when retrying requests ([#417](https://github.com/hetznercloud/hcloud-python/issues/417)) ([f306073](https://github.com/hetznercloud/hcloud-python/commit/f3060737d0e2991a0abf69e4953a3967ac8f84ed))
+
 ## [2.0.1](https://github.com/hetznercloud/hcloud-python/compare/v2.0.0...v2.0.1) (2024-07-03)
 
 
diff --git a/hcloud/_version.py b/hcloud/_version.py
index bf6f151..4e4565f 100644
--- a/hcloud/_version.py
+++ b/hcloud/_version.py
@@ -1,3 +1,3 @@
 from __future__ import annotations
 
-__version__ = "2.0.1"  # x-release-please-version
+__version__ = "2.1.0"  # x-release-please-version
diff --git a/setup.py b/setup.py
index adf3218..fa4ccc3 100644
--- a/setup.py
+++ b/setup.py
@@ -7,7 +7,7 @@
 
 setup(
     name="hcloud",
-    version="2.0.1",
+    version="2.1.0",
     keywords="hcloud hetzner cloud",
     description="Official Hetzner Cloud python library",
     long_description=readme,